Were the Bank of Mum and Dad (BoMaD) a fully minted PLC, its chief executive would be in line for the sort of bonus people like me regularly criticise.
It’s one of the British housing market’s great success stories.
A study published by life insurer Legal & General and the Centre for Economics and Business Research found that it is now the equivalent of a top 10 mortgage lender. Its growth would make any prospective investor drool.
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