Article preview: The Bank of Mum and Dad has become a dominant force in the housing market. New research has found that parents help fund more than half of the property purchases made by under 35s. The research from Legal & General and Cebr found that 56% of under 35s received a financial gift from the Bank of Mum and Dad to help them onto the housing ladder.
Bank of Mum and Dad rides to the rescue
This 563-word blog post considers new research from Legal & General and CEBR, looking at the influence of the Bank of Mum and Dad on property transactions in 2020. Written on 12th October 2020.
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