Darius McDermott: Capitalising the 'bank of mum and dad'

I am sure I won't be the only one who had the serenity of their morning cup of tea interrupted this week by news about the growing popularity of the ‘bank of mum and dad'. According to research from Legal & General, families will contribute around £6.5bn in 2017 helping their children buy a home - or an average of £21,600 per property. Apparently, we - that is, the parents of Britain - are now on a par with the ninth largest mortgage bank in the country. As a father of two children under the age of 10, this was certainly enough to make me pause over my breakfast. Never mind what that ...