First Home

AD: Helping family to buy their first home

Owning your own home is a dream for many of us, but getting on the property ladder is challenging. Family are often the first ones to turn to for support, with parents and grandparents playing an increasingly critical role, but lending or gifting money to family doesn’t come without challenges of its own. As a parent with three adult children and three younger ones, this is something we have some experience of, with our daughter Abbey buying her flat back in the summer of 2018, with her boyfriend. This was something that they could not have achieved without the ‘bank …

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