bank of mum and dad

How to run the Bank of Mum and Dad: parents and kids need to talk more openly

Families need to talk more openly about their finances before offering to help kids onto the property ladder, according to a report from the London School of Economics (LSE).

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Rise of the landlord-in-law: 2.5 million young people return home - with a partner in tow

Almost 2.5 million children have returned to live in their parents’ home with their partner in tow, new research reveals.

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Average inheritance hits £11,000 - and those aged 55 to 64 are most likely to receive one

People approaching retirement are most likely to be handed down wealth and receive the largest inheritances, official figures show.

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More than a quarter of homes bought in 2018 backed by the 'Bank of Mum and Dad'

Parents are now effectively a mortgage lender with a £5.7 billion loan book in 2018, according to financial services group Legal & General (L&G).

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A third of parents unable to help kids onto property ladder

Despite the rise of the ‘Bank of Mum and Dad’, more than a third (34%) of parents remain unwilling or unable to help their children get onto the housing ladder.

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Bank of Mum & Dad helps a third of ‘Second Steppers’

Almost a third of homeowners looking to move up the property ladder rely on financial support from family and friends, saying they need an extra £21,231 on average, to make their next move, according to new research by...

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