The housing crisis has just taken an even more frightening turn; thanks to the so-called Bank of Mum and Dad on May 8, 2016Most high street banks were forced to shrink their balance sheets drastically in the wake of the great financial crash of 2008-09. But one went in the other direction. It was, of course, the Bank of Mum and Dad (BOMAD). While commercial banks pulled in their horns and reduced the availability of mortgages to first-time-buyers, […]