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Divorce law blog

Bank of Mum and Dad and the family home


12/05/2017   By: Camilla Highmoor
Last week, statistics were published by insurer Legal and General stating that parents will lend £6.5 billion to their children to help them onto the property ladder in the coming year; an amount similar to that lent by the UK’s ninth-biggest mortgage lender, Yorkshire Building Society. L&G predict that parents of buyers will be involved in 26% of all property transactions and provide deposits for more than 298,000 mortgages.

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