Bank of Mum and Dad to fund a quarter of properties in 2017

Hannah Nemeth

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Parents will lend more than £6.5 billion in 2017 to help their kids get onto the property ladder, putting it on a par with the UK’s ninth largest mortgage lender (Yorkshire Building Society), according to new research by Legal & General.

Parents will lend more than £6.5 billion in 2017 to help their kids get onto the property ladder, putting it on a par with the UK’s ninth largest mortgage lender (Yorkshire Building Society), according to new research by Legal & General.

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Source Moneywise http://ift.tt/2p4ixfL