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This 596-word blog post looks at new research which found that retired homeowners are finding capital in a variety of ways, including selling their buy-to-let property investments, acting as a guarantor on a mortgage, or taking on new mortgages. Written on 20th September 2019.
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Article preview: Getting onto the property ladder has become an increasingly difficult challenge for young adults. Rising property prices and areas where affordability long ago went beyond reach, means turning to the Bank of Mum and Dad for financial support is necessary. New research suggests that older homeowners are stepping up to this challenge, providing the funding for their adult children to buy a property.
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