Bank of gran and granddad help one in 10 first-time buyers

Hannah Nemeth

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First-time buyers (FTBs) are increasingly relying on grandparents to help them on to the property ladder, new research has revealed.

First-time buyers (FTBs) are increasingly relying on grandparents to help them on to the property ladder, new research has revealed.

Santander reports that financial support from grandparents has increased four-fold compared to those who bought their property five years ago, as almost one in 10 (8%) of FTBs now rely on grandparents for their deposit, compared with 2% five years ago.

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Source Moneywise http://ift.tt/2n4RW0P