Article preview: New research suggests that the Bank of Mum and Dad, rather than traditional lenders, will drive the recovery of Britain’s property market following the Covid-19 pandemic. The research from Legal & General and Cebr found that nearly one in four property transactions will be backed by the Bank of Mum and Dad in 2020. A quarter of borrowers are now more reliant on financial support from family and friends.
Bank of Mum and Dad play a pivotal role in post-Covid housing market recovery
This 654-word blog post examines new research from Legal & General and Cebr which found that nearly one in four property transactions will be backed by the Bank of Mum and Dad in 2020. Written on 1st September 2020.
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