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Tag Archives: Bank of Mum and Dad

GENERATION COVID-19

Financial support to younger members as a direct result of the pandemic.

The coronavirus (COVID-19) pandemic has led to more people supporting younger family members financially. Read more…

Filling the funding gap

Bank of Mum and Dad is playing an ever-present role in the housing market

Across the UK, parents, grandparents, family and friends have been reaching into their pockets to help young, hopeful buyers and even growing families to make their housing plans a reality. These generous lenders are often funding most or all of the deposit buyers need to step onto or up the ladder.

The Bank of Mum and Dad

Make sure you can afford it and understand any tax implications

Parents have always supported their children in lots of different ways. These days, growing numbers of parents see their adult children struggling to build up enough in savings to put down the deposit on a house or to afford to move up from a first home to something larger – but does this mean parents should help financially?