All you need to know about what’s hap­pened in prop­erty this week

The Daily Telegraph - Property - - Cover Story -

The Bank of Mum and Dad is now equiv­a­lent to the ninth big­gest lender, out­pac­ing Cly­des­dale Bank.

Le­gal & Gen­eral found that Bo­MaD will pay out £6.5 bil­lion in 2017, mainly for de­posits, and will con­trib­ute to 298,000 pur­chases – or 25 per cent of all prop­erty trans­ac­tions.

The to­tal lent is 20 per cent more than last year, and the av­er­age amount handed over has risen from £17,000 in 2016 to £21,600 this year.

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