The Bank of Mum & Dad lends £5bn each year |
MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Published: 03/05/2016

Getting onto the property ladder can be a difficult task, so it's no wonder that so many would-be buyers turn to their parents for a bit of financial help. As a result, the Bank of Mum & Dad is turning into a significant lender, with research from Legal & General finding that parents will lend an estimated £5bn this year to help their children get on the ladder.


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