The Bank of Mum and Dad.
Increasingly Millenials are looking for support on the property ladder. Will it still be there? Our infographic explains the the state of affairs.
Our 2016 research report in association with Cebr, the economics consultancy, has identified the size and shape of the “Bank of Mum and Dad” in the UK and shows the role parents play in helping their children financially to get on or move up the property ladder. Take a look at our infographic below to find out more.
Read the full 2016 report: The Bank of Mum and Dad (PDF: 2551KB)
Five reasons to consider being the Bank of Mum and Dad
Rising house prices and stricter rules on lending mean that first-time buyers can, in some cases, struggle to afford a home of their own. Find out more about the pros and cons of Bank of Mum & Dad.
Borrowing from the Bank of Mum and Dad?
If you're keen to buy a property, but are struggling to afford it without some extra financial help, then you're not alone.
Legal & General found that 48% of prospective buyers will need to receive financial help from family and friends in 2017 to purchase a home.
See how Bank of Mum and Dad reliance affects your region: