Skipton Building Society turns to Mum and Dad in home loan offer

Mortgage lenders are turning to borrowers' "Bank of Mum and Dad" to offset the risk of lending to cash-strapped first-time buyers Gráinne Gilmore, Economics Correspondent Mortgage lenders are turning to borrowers' “Bank of Mum and Dad” to offset the risk of lending to cash-strapped first-time buyers. The scarcity of mortgage funding in the credit crunch has made lenders much more wary of lending to borrowers who... [read full story]