Bank of Family
Download our latest research into how thousands of people are taking that first step onto the property ladder with the help of the Bank of Family.
Amid a cost-of-living crisis, families have had to ramp up their support for loved ones. Our latest research shows how Bank of Family lending in 2023 has provided more money than ever before to help family members get on the property ladder.
Families will support a record 318,400 purchases in 2023.
Only 1 in 4 Bank of Family lenders sought financial advice before offering support.
BoF lending up by 56% in the last seven years.
Families are set to support 47% of all homes purchased by buyers under the age of 55 this year.
While half of parents and grandparents drain cash savings to help loved ones, one in eight are downsizing.
Over two-thirds of London homeowners received financial support from family or friends.
