Andy Shaw, head of later life lending at SPF Private Clients, explores how the Bank of Mum and Dad is using lifetime mortgages to help offspring onto the housing ladder.

Two-thirds of parents want to provide support financially but can’t afford to do so

Over 10% of buyer deposits are now funded by the Bank of Mum and Dad

Downsizing, equity release, and remortgaging are just some of the ways that generous parents and grandparents are accessing funds to help other family members get onto the property...

Most UK parents will gift their child £1,000 to £5,000 for a deposit

Ben Thompson, Deputy CEO at Mortgage Advice Bureau, looks at other ways parents could help their children get onto the property ladder beyond gifted deposits.

Half of the parents surveyed by Homeowners Alliance said that they wished they could provide more financial support than they are able to.

Average first-time buyer deposits remain eye-wateringly high regardless of the Bank of Mum and Dad's generosity.