bank of mum and dad
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Regulation & Law
Revived Help to Buy scheme to be revealed in Budget
Housing Minister Matthew Pennycook says the Government is stepping in to support those who can’t rely on help from the bank of Mum and Dad.
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Housing Market
More than half of first-time buyers rely on ‘Bank of Mum and Dad’
Savills' Lucian Cook says more than half of first-time buyers need financial help from their families to purchase a home.
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Housing Market
OFFICIAL: Bank of Mum and Dad phenomenon ‘waning’
The number of first-time buyers receiving cash from their parents to help with a home purchase has fallen significantly.
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Housing Market
‘Bank of Mum & Dad’ helped support a third of sales last year
Latest Legal & General data shows shocking way FTBs now rely on their parents, a growing trend confirmed by estate agency Yopa.
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Latest property news
Londoners most likely to rely on inheritances to buy property
Thirdfort boss Olly Thornton-Berry says one in four homebuyers in the UK rely on the ‘bank of Mum and Dad’ when it comes to buying property.
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Latest property news
Mum & Dad’s paying the deposit! Sky-high rents force tenants to seek family finance
The cost of renting and the resulting deposit required is ranked as the biggest issue for tenants with many turning to other sources to raise funds.
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Housing Market
£1.3bn lost to the PRS by renters staying with Bank of Mum and Dad
The average would-be tenant is set to save £12,290 by continuing to live rent-free with parents this year – costing the PRS a whopping £1.3bn.
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Latest property news
Bank of Mum & Dad puts up the shutters!
Home ownership aspirations in London and the South East are to dim for ‘generation rent’ over the next five years as bank of mum and dad closes.
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