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L&G sees expanded role for Bank of Mum and Dad

The Bank of Mum and Dad could expand, becoming involved in lending to other people’s children, according to Legal & General.

Research by the company shows 27% of the people it surveyed would look at funding other people’s house purchases.

Of those, 39% would look to be repaid with interest while 21% would expect to be paid rent.

Click here for the full Daily Telegraph article

Click here for the full Independent article

Click here for the full Times article (£)

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