The average cost of a wedding is now £25,000. Now where do think some if not all of that money is coming from?
And, the Bank of Mum and Dad grows to become a £6.5bn UK mortgage lender – on a par with the 9th largest UK lender.
These are seriously big figures. Parents really do have to factor in these costs into their financial planning. Luckily, we at Lloyd Vine can help you with a financial plan that if you start early and use tax efficient investments will ease the pain. Plus if you are lucky enough to escape these costs, you can use your savings on yourself!