How will the 'bank of mum and dad' funding for 'second steppers' impact first-time buyer affordability and competition in the UK property market?
Quick Answer
Bank of Mum and Dad (BoMaD) funding for 'second steppers' will increase competition for mid-range homes, pushing up prices and making it harder for first-time buyers to enter the market without similar financial backing.
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Discover how 'Bank of Mum and Dad' funding for 'second steppers' impacts UK first-time buyer affordability and market competition.
This question is part of our Market Analysis category, providing expert guidance on UK property investment.
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