Mum and Dad need to get with it

Parents who help their children get on the property ladder are being urged to adopt a more professional approach when it comes to handing over the cash.  Faced with high rental costs and soaring property prices, more parents are dipping into savings or releasing capital from their own property to support the next generation. Research by Legal & General estimates that a massive £6.3bn was provided last year by the Bank of Mum and Dad – or BoMaD - as it’s known.  The figure effectively makes BoMaD the 11th largest mortgage…

Feathering new nests for fledglings

Exam results have been released and new students know where they will be heading for university.  Following the relief of results day, the next big headache for parents is often the search for accommodation, whether for first-timers or returning students. Faced with high rental costs, shortages and sometimes poor-quality student digs in many cities, increasing numbers of parents are investigating the option of buying property instead of renting, but the different options can make it a minefield.  Explained Property legal expert, Jeremy Lewis of Bowling & Co Solicitors: “For parents…

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