• David Tarry MBA

Interesting Times...

The 'Bank of Mum & Dad' has been a term used by many in recent times where parents are 'gifting' a deposit to their kids to help them get on the housing ladder. In some areas, like London & other key cities, it's almost impossible to buy a property without some help.

However, is this all set to change? Maybe...

Nationwide are the first lender to announce the restriction on the 'bank of mum & dad' and it's already having a negative impact on people. This article from the BBC highlights it perfectly...and I think this could be the start of even more restrictions from lenders as they get more & more nervous about the economic impact of Covid-19 across the UK.


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David Tarry MBA

Merewood Financial Services

57 Park Road


United Kingdom

PO31 7LY


Or Call 01983 875151 - 0207 867 3990 - 0771 476 2597

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Merewood Financial Services is a trading style of David Tarry, who is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority.  Telephone calls made to Merewood Financial Services and/or The Right Mortgage Ltd may be recorded and used for training and/or regulatory purposes.

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