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Follow on Google News | The Better Mortgage Company Navigates BoMaD Brits Towards Remortgage Saving ConsiderationsYou could save money or find a product which better suits your needs by remortgaging your home. With UK Nationwide fee free services, if you are "Bank of Mom and Dad" or a "BoMaD" then it's wise to speak to an independent mortgage broker.
By: The Better Mortgage Company UK BOMAD Britain - The Bank of Mum and Dad are Bossing It In Britain, the term BOMADS is often used to describe the trend of parents providing financial support to their adult children who are struggling to achieve financial independence in the face of rising costs of living, stagnant wages, and increased student loan debt. The Bank of Mum and Dad has become a significant source of funding for young people, with many parents providing support at the expense of their own retirement savings or financial well-being. The trend has led to concerns about intergenerational inequality and financial strain on parents who are increasingly being called upon to help their children achieve financial stability. UK remortgage timing is everything, getting a new deal in place can avoid you paying an expensive standard variable rate.
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