Back to the Bank of Mum and Dad

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This 801 word blog post looks at the latest Second Steppers report from Lloyds Bank, exploring ways in which people can fund the purchase of their second property. Perfect for the blog, news or insights section on your mortgage adviser website. Written on 2nd June 2018.

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Getting onto the property ladder is an increasingly expensive business. Many first-time buyers need financial assistance from the Bank of Mum and Dad, so they can become homeowners. But what about so-called ‘second steppers’, those ready to take their second step up the property ladder? The latest Second Steppers report from Lloyds Bank has found that many of these second steppers are relying on the financial support from parents, other family members and even friends in order to make the move.