{"id":143040,"date":"2024-03-16T22:45:08","date_gmt":"2024-03-16T15:45:08","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-embarrassed-to-rely-on-my-parents-the-downside-of-handouts-from-the-bank-of-mum-and-dad\/"},"modified":"2024-03-16T23:03:11","modified_gmt":"2024-03-16T16:03:11","slug":"im-embarrassed-to-rely-on-my-parents-the-downside-of-handouts-from-the-bank-of-mum-and-dad","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-embarrassed-to-rely-on-my-parents-the-downside-of-handouts-from-the-bank-of-mum-and-dad\/","title":{"rendered":"\u2018I\u2019m embarrassed to rely on my parents\u2019: the downside of handouts from the \u2018bank of mum and dad\u2019"},"content":{"rendered":"


\nFirst-time buyers in the UK, rather than resenting people who are better off, are concerned about how challenging it is to get on the property ladderThe idea that Britain is becoming a more meritocratic society has long been a theme of Conservative leaders, from Theresa May to Liz Truss.That claim is challenged by the growing significance of the bank of mum and dad (bomad), and the embarrassment and guilt felt by some of those who have been forced to rely on parental largesse to buy their own home. Continue reading…
\n
\nSource : theguardian.com
\nRead more…\u2018I\u2019m embarrassed to rely on my parents\u2019: the downside of handouts from the \u2018bank of mum and dad\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

First-time buyers in the UK, rather than resenting people who are better off, are concerned...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-143040","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Bd6","jetpack-related-posts":[{"id":138483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-four-new-uk-homebuyers-under-25-rely-on-bank-of-mum-and-dad-study\/","url_meta":{"origin":143040,"position":0},"title":"One in four new UK homebuyers under 25 rely on \u2018bank of mum and dad\u2019 \u2013 study","date":"July 25, 2023","format":false,"excerpt":"\r Research by Bank of England economist reveals huge scale of parental support in housing market The massive scale of parental support for young people seeking to buy their first property has been revealed in a UK study showing one in four new homebuyers under 25 rely on the \u201cbank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53559,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-housing-dont-bank-on-mum-and-dad-editorial\/","url_meta":{"origin":143040,"position":1},"title":"The Guardian view on housing: don\u2019t bank on Mum and Dad | Editorial","date":"May 3, 2017","format":false,"excerpt":"\r Parents are lending more than ever to help their children buy property \u2013 and entrenching inequality as they do so. More decent, affordable homes are neededOver recent years, a financial force has risen steadily through the ranks: it is now equivalent to the ninth-largest mortgage lender. But the bank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54257,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cash-is-king-in-homes-market-but-leaves-many-unable-to-buy\/","url_meta":{"origin":143040,"position":2},"title":"Cash is king in homes market but leaves many unable to buy","date":"May 10, 2017","format":false,"excerpt":"\r Purchasers rely on \u2018bank of mum and dad\u2019, inheritances and property sale profits\r \r Source : ft.com\r Read more...Cash is king in homes market but leaves many unable to buy","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-mum-and-dad-behind-25-of-british-mortgages\/","url_meta":{"origin":143040,"position":3},"title":"'Bank of Mum and Dad' behind 25% of British mortgages","date":"May 3, 2016","format":false,"excerpt":"\r Lending power of parents to reach \u00a35bn this yearThe \u201cBank of Mum and Dad\u201d will help finance 25% of UK mortgage transactions this year, according to research. Related: UK housing crisis: four in 10 renters fear they will never own a home Continue reading...\r \r Source : theguardian.com\r Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11264,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-truths-the-bank-of-mum-and-dad\/","url_meta":{"origin":143040,"position":4},"title":"Home truths: The bank of mum and dad","date":"April 24, 2016","format":false,"excerpt":"\r When Vicki and Mike Crosby's daughter and her partner started looking for a house, Mum and Dad put up their hands to help.The couple had assets and were willing to use them - they had worked overseas for 21 years and bought two...\r \r Source : nzherald.co.nz\/Property\r Read more...Home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-truths-relying-on-the-bank-of-mum-and-dad\/","url_meta":{"origin":143040,"position":5},"title":"Home truths: Relying on the bank of mum and dad","date":"April 24, 2016","format":false,"excerpt":"\r When Vicki and Mike Crosby's daughter and her partner started looking for a house, Mum and Dad put up their hands to help.The couple had assets and were willing to use them - they had worked overseas for 21 years and bought two...\r \r Source : nzherald.co.nz\/Property\r Read more...Home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143040"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=143040"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143040\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}