In a market beset by challenges for first-time buyers, the increasing importance of family assistance is clear to see. Parents are expected to provide £17 billion in gifts and informal loans this year, with most transfers from the over-50s to children in their late 20s and early 30s, according to the Institute for Fiscal Studies. Mortgage Introducer spoke to Gary Bush (pictured), financial adviser at MortgageShop
To start your Mortgage Enquiry with us use this link - Enquire Here!
Link to Original Article: Mortgage Introducer - How important is the Bank of Mum and Dad for mortgages to first-time buyers