The Bank of Mum and Dad has become such a key mover in the property market that more than one in four transactions this year are expected to depend on it.
Parents will contribute £5.7bn to help their adult children to buy homes in 2018, according to Legal & General, the insurer. That cash will fund almost £82bn of property purchases, or about 315,000 transactions.
The amount contributed by parents overall has increased in recent years, rising to £6.5bn last year and up from £5bn in 2016.
