Property News · July 17, 2016

Bank of Mum and Dad is now paying the rent, too


Parents in Britain put hand into pocket to the tune of £1bn a year, as housing crisis growsThe Bank of Mum and Dad – the lender of last resort for their grown-up children unable to afford a deposit to buy a home – has moved into the private rentals market.The country’s housing crisis has become so acute that parents are now having to subsidise their children’s rent to the tune of £1bn a year. Continue reading…

Source : theguardian.com
Read more…Bank of Mum and Dad is now paying the rent, too

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