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Bank of Mum and Dad

In Brief: Bank of Mum and Dad

Tuesday, 20 August 2019

The Bank of Mum and Dad are known to help their children to become first-buyers. The Building Societies Association (BSA) have recognised this trend and have published their recommendations linking to gifting money and mortgage lending. In addition to wanting tax barriers to be broken down the BSA also wants more help for parents and first-buyers to be able to explore all options.

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