May
05
London Home Prices See Parents Risking Finances to Help Kids
By-
Parents give more than 50% of non-property wealth for deposit
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Payments put parents’ financial stability at risk, L&G says
Record home values in London meant Sheila Shribman had to help her three children, who work as lawyers and a doctor, with a down payment to afford their apartments.
“There is no doubt that they would not have been able to do this without our assistance,” the retired doctor said. “Affordable housing is in short supply, renting is very expensive and buying is out of most young people’s reach now.”…
London Home Prices See Parents Risking Finances to Help Kids
