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Majority First-home buyers now use ‘Bank of Mum and Dad’ according to domain.com.au

The majority of first home buyers now borrow from the ‘The Bank of Mum and Dad’. Accounting for more than $20 billion in property loans after shooting 25 per cent higher in the past year.

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Source: www.domain.com.au

Want to take the stress out of lending to friends or family?

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NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender. Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves. Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers. Nothing on this site is legal advice and you should consult a lawyer to get certainty of your legal rights and obligations.

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