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Rising London home prices hurting Bank of Mum & Dad

Parents helping children with real estate purchases are now putting their own finances at risk

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AFFORDABILITY ISSUE: First time home buyers spent £395,000 on average in the fourth quarter on a London home, almost £100,000 more than five years ago, according to UK government data.

London

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