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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

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.


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...