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

  • 📰 The Telegraph
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 41. in BUSİNESS

Business Business Latest News, Business Business Headlines