Bank Of Mum And Dad a Top 10 Mortgage Lender

Bank Of Mum And Dad a Top 10 Mortgage Lender

The ‘bank’ of Mum and Dad (BoMaD) is now behind a quarter of British mortgages, and is now listed as one of the top 10 mortgage lenders in the UK, alongside the likes of Barclays and Lloyds. This year, the Bank of Mum and Dad will lend more £5 billion to help their children get on the housing ladder offering deposits for 300,000 mortgages, according to a report by Legal & General. The average parental…

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