30/05/2025
With house prices rising, many first-time buyers are turning to an increasingly familiar source of support โ their parents. In fact, itโs estimated that UK parents are now contributing around ยฃ5 billion a year to help their children buy their first homes.
In this blog, we explore:
๐ How the Bank of Mum and Dad is shaping the housing market
๐ The pros and cons of family-funded deposits
๐ก What it means for buyers and parents alike
Read in full here - https://ernestmay.com/bank-of-mum-dad/
Thinking about helping your child onto the property ladder โ or wondering what your options are as a first-time buyer, get in touch today!