Bank of Family deposit contributions to hit record high of £9.2 billion

Family gifting is now funding 42% of all homes purchased by buyers under 55. Financial gifts from the ‘Bank of Family’ to support home purchases are projected to reach £9.2 billion this year and fund 42% of all homes purchased by buyers under 55, according to new research from Legal & General and the Centre for Economics and Business Research …

Retirement ProfessionalsBank of Family deposit contributions to hit record high of £9.2 billion