News
Bank of Mum and Dad gives recipients an average of £11,241, Spring finds
A study found that 15% of UK adults receive financial support from their parents, with one in four recipients receiving £10,000 or more.
Gifting
News
Key Later Life calls for simplification of gifting rules to boost housing market
Key said that property equity, released by parents and grandparents, can play a major role in helping first-time buyers.
Lead Story
A third of 50+ mortgage customers now use funds for family gifts
Between 2019 and 2021 there was a 30% increase in the number of 50+ customers who spent their loan funds giving financial family gifts.