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Mortgage Introducer - How important is the Bank of Mum and Dad for mortgages to first-time buyers

Mortgage Introducer - How important is the Bank of Mum and Dad for mortgages to first-time buyers

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

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