{"id":53968,"date":"2017-05-07T06:05:17","date_gmt":"2017-05-06T23:05:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-megabank-of-mum-and-dad-has-a-toxic-effect-on-all-it-touches-rowan-moore\/"},"modified":"2017-05-07T06:09:31","modified_gmt":"2017-05-06T23:09:31","slug":"the-megabank-of-mum-and-dad-has-a-toxic-effect-on-all-it-touches-rowan-moore","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-megabank-of-mum-and-dad-has-a-toxic-effect-on-all-it-touches-rowan-moore\/","title":{"rendered":"The megabank of Mum and Dad has a toxic effect on all it touches | Rowan Moore"},"content":{"rendered":"


\nNaturally parents want to help their children but this skews a housing market in desperate need of reformA deed of trust, the Daily Telegraph tells us, is a useful device for parents who want to give or lend their children capital to help them own a house. It should really be called a deed of mistrust, as its aim is to ensure that their children\u2019s spouses, if their marriage should hit the rocks, can\u2019t get away with a chunk of their property. It\u2019s a sort of prenuptial agreement, in other words, migrated from the worlds of celebrities and the super-rich to moderately well-off Telegraph readers trying to do the best with their possessions and for their children.It is one of a few unattractive side-effects of the phenomenon known as the Bank of Mum and Dad. As announced last week by Legal & General and the economics consultancy Cebr, lending by parents to their children to buy homes totals \u00a36.5bn, up from \u00a35bn in the previous year, which makes it the ninth largest source of such lending in the country. It is ahead of the Clydesdale Bank and about equal with the Yorkshire Building Society. And these figures are only for loans, not outright gifts. Continue reading…
\n
\nSource : theguardian.com
\nRead more…The megabank of Mum and Dad has a toxic effect on all it touches | Rowan Moore<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Naturally parents want to help their children but this skews a housing market in desperate...<\/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-53968","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-e2s","jetpack-related-posts":[{"id":11264,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-truths-the-bank-of-mum-and-dad\/","url_meta":{"origin":53968,"position":0},"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":76382,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mum-and-dad-investors-fleeing-property-financier-says\/","url_meta":{"origin":53968,"position":1},"title":"Mum and dad investors 'fleeing' property, financier says","date":"January 12, 2018","format":false,"excerpt":"\r Growing numbers of mum and dad investors are looking to ditch their property investments on the back of tougher landlord conditions, according to the boss of a peer to peer mortgage lender.Luke Jackson, chief executive of Southern...\r \r Source : nzherald.co.nz\/Property\r Read more...Mum and dad investors 'fleeing' property, financier\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":53968,"position":2},"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":[]},{"id":11960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-mum-and-dad-behind-25-of-british-mortgages\/","url_meta":{"origin":53968,"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":102054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-growing-might-of-the-bank-of-mum-and-dad\/","url_meta":{"origin":53968,"position":4},"title":"The growing might of the Bank of Mum and Dad","date":"December 6, 2018","format":false,"excerpt":"\r The property wealth of your parents is crucial to getting on the ladder\r \r Source : ft.com\r Read more...The growing might of the Bank of Mum and Dad","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113417,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/part-time-paradise-mum-and-dad-landlords-own-more-than-a-third-of-property\/","url_meta":{"origin":53968,"position":5},"title":"Part-time paradise: Mum and dad landlords own more than a third of property","date":"January 6, 2020","format":false,"excerpt":"\r More than a third of property in New Zealand is owned by mum and dad landlords, new analysis of housing records shows.Another sixth is owned by professional investors - those that have more than 20 properties to their name.The...\r \r Source : nzherald.co.nz\/Property\r Read more...Part-time paradise: Mum and dad\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\/53968"}],"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=53968"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/53968\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=53968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=53968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=53968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}