The Bank of Mum and Dad (BoMaD) continues to be a prime mover in the UK housing market. This year, it will be the equivalent of a £5.7bn mortgage lender. It’s supporting more people than ever: 27% of all buyers will receive help from friends or family in 2018, up from 25% in 2017 – purchasing almost 317,000 homes.
29 May 2018
The Rebuilding Britain Index Report (wave 8)
Short-term support and and long-term action are both vital in alleviating the financial pressures households are facing as a result of the cost of living crisis. Pairing immediate support with longer-term action and thinking will help ease current and future financial pressures while also addressing wider social inequalities that exacerbate the impacts of cost-of-living crises. This strategic approach can truly level up the whole of the UK.
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