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More homebuyers turn to ‘bank of mum and dad’ as Covid crisis bites


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According to the L&G study, 19% of all home purchases in 2019 were funded partly or wholly by friends and family. In 2020 that figure will rise to 23%, it said.

The data also showed that nearly a quarter (24%) of homebuyers said they were now more reliant on financial support from the bank of mum and dad following the pandemic.

...However, the bank of mum and dad is also facing its own challenges, with claims from mortgage commentators that it is being penalised by some lenders.

https://www.google.com/amp/s/amp.theguardian.com/money/2020/sep/01/more-uk-homebuyers-turn-to-bank-of-mum-and-dad-as-covid-crisis-bites

Edited by ucnvpe0
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  • 416 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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