Tuesday, 3 May 2016

Bank Of Mum & Dad Lend £5bn A Year

According to the data firm Legal & General, the so-called 'Bank Of Mum & Dad' will lend approximately five billion pounds in mortgage transactions this year. Such a bank would statistically be in the top 10 mortgage lenders across the country. Is this a sure sign that house prices are well and truly at unaffordable levels for young people?

Read more about this on the BBC Business website here.