Tag: bank of mum and dad
Lending by bank of mum and dad reaches a record £10 billion
Research by estate agent Savills has found that the bank of mum and dad will finance nearly half of all first-time buyer purchases this year. The study found that total contributions are likely to reach £9.8 billion, which is equal to an average of just over £58,000 each for an estimated 169,000 first-time purchases. This...