'Bank of Mum and Dad' lending to surge by £700m as post-Covid market shuns first-time buyers

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Parents will come to the rescue

Coronavirus has ushered in a new era for the “Bank of Mum and Dad” as first-time buyers are squeezed out of the housing market and lenders demand far higher deposits.

 

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Bank of mum and dad pays for a lot more than just a house. Some young people are just so entitled and spoilt 🙄

Thats what i like to see telegraph thinking about the 1 per cent gang and forgetting majority of working class families do not have parents to fall back on, look at the dreadful pay day loan companies most families have little /no savings but of course not papers demographics.

Yes, that is their responsibility. Your child is your child for the rest of your life.

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