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Kids using 'bank of mum and dad' making substantial moves up the UK property ladder
A Barclays survey shows 20% of second-time buyers in the UK get financial help from family, receiving an average of £81,451 amid rising borrowing costs.
Summary by Bournemouth Echo
9 Articles
9 Articles
Bank of mum and dad now lending to 'second steppers': Barclays
The bank of mum and dad is no longer just funding first-time buyers, but increasingly paying for those buying a second home. That is according to research from Barclays Property Insights, which found that nearly one in five owners (19%) had financial help to buy… The post Bank of mum and dad now lending to ‘second steppers’: Barclays appeared first on Mortgage Finance Gazette.
One in five second-steppers needed family or friends’ help to buy home
One in five second-steppers needed family or friends’ help to buy home - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.
Coverage Details
Total News Sources9
Leaning Left2Leaning Right0Center2Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
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