Article preview: One consequence of the stamp duty holiday is a dramatic rise in contributions from the Bank of Gran and Grandad. New research has found that grandparents have gifted almost £1 million a day since the stamp duty holiday was introduced. The data from equity release specialist Key found that older homeowners have gifted £323.9 million worth of housing equity since the start of the stamp duty holiday on 8th July 2020.
Bank of Gran and Grandad steps up first-time buyer support
This 433-word blog post looks at new research from Key reporting on the amount of equity released by grandparents to help younger relatives with their property purchases. Written on 23rd June 2021.
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