Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
Business Services

Most businesses are very good at providing the products and services that their customers need – but running a business involves much more than that.

Click here to find out more...

Private Clients

The financial world is a complicated place and there are times when you’ll need some expert help.

Click here to find out more...

Wealth Management

When it comes to your finances, taking time out to seek expert advice is always a wise investment.

Click here to find out more...

Specialist Services

We also provide specialist services to a range of other clients.

Click here to find out more...

You are here: Home » Latest News » ‘Bank of Mum and Dad’ feels the squeeze

‘Bank of Mum and Dad’ feels the squeeze


The average amount contributed by parents towards home purchases has fallen by 17 per cent over the last year, according to Legal & General (L&G).

While buyers who received assistance from their parents in 2017 enjoyed an average contribution of £21,600, those receiving assistance this year can expect an average contribution of £18,000. This equates to a fall in overall lending from £6.5 billion last year to £5.7 billion this year.

In contrast, the firm says that it expects 27 per cent of home buyers to receive assistance this year, a rise of two percentage points on last year’s figure.

This means that around 317,000 housing transactions in 2018 will receive input of some sort from the parents of the buyers.

Nigel Wilson, Chief Executive of L&G, said: “People are feeling a bit of a pinch around the economy and therefore we’re seeing pretty much a national trend outside of London for less to be given.

“The volume of transactions depending on Bank of Mum and Dad funding keeps on growing, even as parents find it harder to provide as much money for the deposit”.

Link: Bank of Mum and Dad ‘feels the pinch’

The New LRH Client Portal


We are delighted to announce that the LRH client portal (powered by Onvio, a Thomson Reuters company) is now fully operational… Continue reading →

Get in touch!


Telephone: 01422 360788

Email: mail@lrh.co.uk