“ Most of our first time buyers have help from the Bank of Mum and Dad. They give their kids a great start. We recently sold a flat to a first time buyer with BOMAD help for a full cash purchase and they were going to pay their parents back with a small amount of rent. An average two bedroom flat in Tooting would cost around £500,000 to £600,000.”
Bank of Mum and Dad out in force in London this Spring, says agent
