The “Bank of Mum and Dad” – where parents give financial help to offspring – is being turned on its head in a new lending trend where middle-aged children are paying the mortgages taken out by their ageing parents. It seems counter-intuitive, but for a growing number of families it is a highly efficient way …
Paying mum’s mortgage: how wealthy families are reversing the ‘Bank of Mum and Dad Read More »
Following the surprise EU referendum result, the Bank of England has kept interest rates at 0.5 per cent, indicating that the economy and the UK property market is – for now – stronger than expected. However, a cut of 0.25 per cent is possible next month as the Bank expects a “significant weakening” of activity …
The most affordable – and the least affordable – places for first-time buyers have been revealed by the UK’s largest mortgage lender, the Halifax. Compared to local earnings, the cheapest places to buy are mostly in western Scotland and northern England. The most expensive are all in London. East Dunbartonshire, on the northern fringes of …
Most affordable places for first-time buyers revealed Read More »
