Property News · May 2, 2017

'Bank of mum and dad' to lend £6.5bn this year, report predicts


Number of first-time buyers helped by parents is symptom of intergenerational inequality and ‘broken housing market’Parents are predicted to lend more than £6.5bn this year to help their children get on the property ladder as first-time buyers continue to struggle to afford homes.This is a 30% increase on the £5bn loaned in 2016, according to research from Legal & General and economics consultancy Cebr, and means parents will be involved in more than 25% of UK property transactions. Continue reading…

Source : theguardian.com
Read more…‘Bank of mum and dad’ to lend £6.5bn this year, report predicts

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