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Getting on the property ladder with help from mum and dad

PUBLISHED: 10:58 19 November 2010 | UPDATED: 17:05 20 February 2013

Getting on the property ladder with help from mum and dad

Getting on the property ladder with help from mum and dad

EMPTY nesters looking for a reasonable return on savings can reap six per cent interest by helping offspring get onto the property ladder.

EMPTY nesters looking for a reasonable return on savings can reap six per cent interest by helping offspring get onto the property ladder.


Its more than theyd get from a bank, says the developer responsible for the new apartments being built at the former 22-storey Kodak headquarters in Station Road, Hemel Hempstead.


Dandaras incentive is for mums and dads who put down the five per cent deposit on a flat in the Image development.


According to Lloyds TSB, 70 per cent of parents with children over 18 believe now is the right time for them to buy a pad.


Amenities will include a concierge, car club and exclusive bus service at peak hours to ferry them to and from Hemel Hempstead Station.


The skyscraper apartments are all part of a major redevelopment of the site which includes the reconfiguration of the tower, six new buildings and a piazza with shops, cafes and offices at ground level and a footbridge leading to the towns Riverside shopping complex.


As for the generous parents who come on board, they will continue to receive a six per cent return from the developer on their contribution for up to two years.


Prices at Image start at 150,000.

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