Article preview: An unusual new bank has taken one of the top spots in a list of the biggest lenders. It’s not a High Street banking brand, but instead the Bank of Mum and Dad. As a result of parents gifting or lending money to get their kids on the housing ladder, the Bank of Mum and Dad has entered the top ten biggest lenders. According to new research from Legal & General, parents contributed an average of £24,100 to first-time buyers this year.
Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.