Bank of Mum & Dad
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Rental market
More than half of ‘Mumlords and Dadlords’ return child’s rent
Many parents are charging their adult children rent but returning it as a house deposit to help buy a property, says Nationwide spokesman.
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Resources
House price myths debunked
Designs on Property tracks and summarises the monthly property indices. Kate Faulkner says, “The average age of a first time buyer today is hardly that different from 2003, 14 years ago, even in London!”
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Latest property news
BoMD grows
The Bank of Mum and Dad (BoMD) is now a £5bn UK mortgage lender and will be involved in 25 per cent of all UK property purchases in 2016.
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