According to the national statistics more than a million - or one in five - people aged between 18 and 24 has either moved back in with their parents or stalled plans to move out during the past year; and around 6 per cent of 25 to 34 year olds and 5 per cent of 35 to 44 year olds have also returned to the family address.

Not surprisingly, more than a third of those adults still living at home are doing so because high property prices, large deposits and with 100% mortgages being a thing of the past leaves them with little other choice.

In a bid to cut the apron strings, resourceful parents are exploring a multitude of ways to fund their children’s independence, including cash loans and dipping into inheritance funds.

Harvey Gibbs, Solicitor at Brethertons, said: “One in five parents are willing to go into the red for their children and consider taking out a personal loan to help them but there are many more options available to them.”

On Saturday 20th March at The Verve Bar in Rugby Town Centre from 10:00 till 12:00 Brethertons Solicitors, Franklin Associates, Squab Removals and Storage and Orbit Homebuy agents will be holding a seminar to explain the options available to parents to help their grown-up children onto the property ladder.