The Bank of Mum and Dad will be a key driving force behind the post-coronavirus recovery within the UK housing market, according to new analysis. Nearly one in four housing transactions – 23 per cent – will be supported by the Bank of Mum and Dad (BoMaD), a four per cent rise since 2019, according to Legal and General. And 24 per cent of borrowers are now more reliant on financial support from family due to the pandemic. Read more on the City AM website.
https://www.cityam.com/bank-of-mum-and-dad-will-drive-housing-market-recovery/
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