PROPERTY & MORTGAGE NEWS

Winter 2022

 

BoMaD boom

Website images M&P3.jpg

Half of all first-time buyer transactions were supported by the Bank of Mum & Dad (BoMaD) in 2021, according to analysis3. BoMaD contributions of £9.8bn helped 169,000 first-time buyers onto the housing ladder. Surging BoMaD contributions could become the norm, analysts suggest, after Help to Buy is withdrawn completely from March 2023 onwards. 

3Savills, 2021

 

 

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