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Bank of Mum and Dad

Lawyer Warns of Risks Amid Surge in ‘Bank of Mum and Dad’ Home Purchases

New data from Savills reveals that the "Bank of Mum and Dad" financed over £9 billion in property purchases in 2023, highlighting a significant shift in the housing market. The research shows that 164,000 first-time buyers received family assistance, with the £9.4 billion in...