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Bank of Mum and Dad: What Buyers (and Their Parents) Need to Know
Every year, the Bank of Mum and Dad comes to the rescue by helping tens of thousands of first-time buyers get on the housing ladder. Last year alone, 46% of first-time buyers received financial help from their parents to purchase a property, with £8.8 billion changing hands (source: Savills). But for parents planning to assist their offspring, or children hoping to get a helping hand, there are a few issues to consider first.
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