Bank of mum and dad 'feels the pinch'

Bank of mum and dad 'feels the pinch'
 

Parents are parting with thousands of pounds to help their children get on the property ladder, but they can't afford to lend as much as they used to.
The average parental contribution for home buyers this year will be £18,000, down 17% from last year's £21,600, according to Legal & General (L&G).
The drop shows that parents are "feeling the pinch", the firm says.
Nonetheless, more than one in four buyers are still expected to receive financial help from friends or family.
In total, financial services firm L&G said 27% of home buyers would get assistance - up from 25%... read more

 
29 May 2018 in Business, Views: 65
Source: BBC
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