The Bank of Mum and Dad.
The Bank of Mum and Dad: For many young adults, the reality is you can’t leave home without it.
After another year of rising prices and sluggish wage growth, home ownership is out of reach for ever more prospective buyers, and The Bank of Mum and Dad is busier than ever fighting to change that. Parents, family and friends will put up a massive £6.5 billion this year to help their loved ones onto the property ladder – a 30% increase in the last year. That money will support close to 300,000 property purchases.