Call You and Yours: Lending to Family and Friends

Available for over a year

People have always done it, but helping family members out financially has become much more common. We have heard a lot about 'the bank of mum and dad' and last month estate agency Savills found that more than half of first-time buyers received financial help from their family to make house purchases last year. A recent survey also found that over half of people were supporting their parents with day-to-day living costs. With the cost of things like rent and deposits still at record highs, it seems many are leaning on family for support. But how do you do it right and what are the pitfalls of getting it wrong? Have you had financial help from anyone or have you helped anyone yourself? Whether for family or friends, parent or sibling, how did it work for you? Get in touch - email [email protected] and please include a number so we can call you back. And after 11am on Tuesday 10 June you can call us on 03700 100 444. PRESENTER: WINIFRED ROBINSON PRODUCER: CATHERINE EARLAM