Is the Bank of Mum and Dad running dry?
It’s not just the Bank of Mum and Dad. First-time buyers are turning to siblings, grandparents and even children to get on the property ladder
Source: thetimes.co.uk
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Building society's new mortgage aims to get renters back on property ladder
Tenants who have not owned a home in the past three years can borrow up to 100% of a property value to help them back onto the property ladder.
Source: independent.co.uk
Demonisation of landlords is putting middle classes at risk, says building society boss
Britain’s “demonised” landlords are dealing with a triple blow of crippling taxes, rising mortgage costs and increased red tape that has made the housing crisis worse, according to the chief executive of Skipton Building Society.
Source: yahoo.com
Bank of brother and sister helps first-time buyers
They may not have shared their pocket money growing up but now brothers and sisters are helping each other to buy their first homes.Almost a third (32 per cent
Source: thetimes.co.uk
Your three-minute digest
1 Almost a third of first-time buyers in Britain have had financial help from family this year to buy property, with support from siblings double that of six years ago. Brothers and sisters now help a record 11 per cent of family-funded first-time purchases, according to research supplied by Hampton
Source: thetimes.co.uk