The UK housing market
The Legal and General reported that from its findings in 2016 the bank of mum and dad was involved in 25% of all property transactions. 57% of the under 35s received help from friends and family to buy the home they live in. Also this week the International Longevity Centre reported that with current economic […]
Bank of Mum and Dad fund 25% of Mortgages
According to the latest research report from Legal and General and Centre for Economics and Business research (CEBR) in 2016 the high cost of housing means that 25% of all mortgage transactions involve parents with an average of over £17,00 being given. This follows on from previous CEBR research which showed an increasing dependence on […]
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