{"id":53559,"date":"2017-05-03T01:59:57","date_gmt":"2017-05-02T18:59:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-housing-dont-bank-on-mum-and-dad-editorial\/"},"modified":"2017-05-03T02:01:43","modified_gmt":"2017-05-02T19:01:43","slug":"the-guardian-view-on-housing-dont-bank-on-mum-and-dad-editorial","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-housing-dont-bank-on-mum-and-dad-editorial\/","title":{"rendered":"The Guardian view on housing: don\u2019t bank on Mum and Dad | Editorial"},"content":{"rendered":"


\nParents 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 of Mum and Dad\u2019s ascent is not a story to be applauded: it testifies to the UK\u2019s failures. Parents are expected to lend more than \u00a36.5bn to help their children buy a first property this year, a 30% increase on 2016, according to new research.Such loans and gifts make a small dent in the striking generational inequality that exists in large part precisely because property prices have soared. In March, a report from the social mobility commission noted that home ownership among 25- to 29-year-olds had halved since 1990, to 31%. Over a third of first-time buyers in England rely on inherited wealth, it found; at some point in the 2020s, two in five are likely to do so. Continue reading…
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\nSource : theguardian.com
\nRead more…The Guardian view on housing: don\u2019t bank on Mum and Dad | Editorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Parents are lending more than ever to help their children buy property \u2013 and entrenching...<\/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-53559","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-dVR","jetpack-related-posts":[{"id":53619,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/blame-the-bank-of-mum-and-dad-for-britains-growing-inequality-ellie-mae-ohagan\/","url_meta":{"origin":53559,"position":0},"title":"Blame the \u2018bank of mum and dad\u2019 for Britain\u2019s growing inequality | Ellie Mae O\u2019Hagan","date":"May 3, 2017","format":false,"excerpt":"\r Cuddly phrases disguise the reality: those with property pass unearned wealth on to their children, entrenching unfairness. It\u2019s capitalism at its most brutalA report from Legal & General and economics consultancy Cebr has found that Britain\u2019s parents have just entered the top 10 UK mortgage lenders. Collectively, they will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-mum-and-dad-divides-uks-generation-rent\/","url_meta":{"origin":53559,"position":1},"title":"\u2018Bank of mum and dad\u2019 divides UK\u2019s generation rent","date":"December 4, 2018","format":false,"excerpt":"\r Homes market deepens inequality as those lacking parental support struggle to buy\r \r Source : ft.com\r Read more...\u2018Bank of mum and dad\u2019 divides UK\u2019s generation rent","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134485,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-mum-and-dad-stoking-britains-rising-inequality-warns-report\/","url_meta":{"origin":53559,"position":2},"title":"\u2018Bank of mum and dad\u2019 stoking Britain\u2019s rising inequality, warns report","date":"February 13, 2023","format":false,"excerpt":"\r Billions in gifts or loans given when children are in early adulthood and buying first home or getting marriedBillions of pounds loaned by the \u201cbank of mum and dad\u201d to help with property purchases and to boost the finances of newly married offspring are helping to fuel rising levels\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/britain-needs-a-bank-of-mum-and-dad-for-all-to-combat-inequality-paul-sanderson\/","url_meta":{"origin":53559,"position":3},"title":"Britain needs a bank of mum and dad for all to combat inequality | Paul Sanderson","date":"June 1, 2017","format":false,"excerpt":"\r A \u2018help to save\u2019 plan for tenants who lack access to family money could level the home ownership playing fieldMy parents married, obtained a mortgage and bought their first home in the 1950s. For several years prior to that, they had saved almost every spare penny towards a deposit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49750,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-mum-and-dad-making-housing-market-more-unfair-study-finds\/","url_meta":{"origin":53559,"position":4},"title":"'Bank of mum and dad' making housing market more unfair, study finds","date":"March 27, 2017","format":false,"excerpt":"\r More first-time buyers than ever are using family money, exacerbating inequality, says Social Mobility CommissionThe number of first-time buyers relying on family loans from the \u201cbank of mum and dad\u201d to fund their deposits is exacerbating inequality and impeding social mobility, a government-backed study has warned. The Social Mobility\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53455,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-mum-and-dad-to-lend-6-5bn-this-year-report-predicts\/","url_meta":{"origin":53559,"position":5},"title":"'Bank of mum and dad' to lend \u00a36.5bn this year, report predicts","date":"May 2, 2017","format":false,"excerpt":"\r Number of first-time buyers helped by parents is symptom of intergenerational inequality and \u2018broken housing market\u2019Parents are predicted to lend more than \u00a36.5bn this year to help their children get on the property ladder as first-time buyers continue to struggle to afford homes.This is a 30% increase on the\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\/53559"}],"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=53559"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/53559\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=53559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=53559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=53559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}