Rich parents insist on prenups
18th January 2024
Children are given loans from the Bank of Mum and Dad — but with strings attached.
More than 50 per cent of adults aged 20 to 24 in England and Wales are still living with their parents, according to census figures published last year — about a 15 per cent increase in a decade.
Rocketing property prices were seen as the main reason young adults are tied to the family nest, with many able to fly only with help from the Bank of Mum and Dad.
But that bank is increasingly insisting on terms and conditions — not least when the recipient of the loan is also planning on another of life’s landmark moments: walking down the aisle.
Read more: The Times
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