Parents spend so much money to get their children onto
the housing ladder that they are now among the biggest lenders in the UK, a
survey suggests. The average parental contribution for homebuyers this year is
£24,100, up by more than £6,000 compared to last year, according to Legal &
General (L&G). Collectively parents have given £6.3bn, high enough to rank
the bank of mum and dad 10th if it was a mortgage lender. Clydesdale Bank, the
UK's 10th largest mortgage lender lent £5bn last year. Read more on the BBC
website.
Won’t somebody please think of Britain’s poor £2m homeowners? Oh, wait –
everyone already is | Jonathan Liew
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Contrast the furious reaction to Rachel Reeves’s ‘mansion tax’ to the
response offered to those living with real housing injustice: indifference
The new ...
12 hours ago
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