MortgagesSep 18 2024

‘Bank of Family’ using property wealth to help first-time buyers

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‘Bank of Family’ using property wealth to help first-time buyers — To help meet these costs, 19 per cent of those providing support are doing so by downsizing their property (Photo: Chris Ratcliffe/Bloomberg)

Tom Dunstan

Nearly one in five (19 per cent) parents and grandparents who helped family members get on the property ladder used their own property wealth to do so, research from Legal and General has found.

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‘Bank of Family’ using property wealth to help first-time buyers

Read the full story with a free account

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