‘Bank of Mum and Dad’ – equal to £5.7bn mortgage lender

Research suggests that ‘Bank of Mum and Dad’ will be behind more than one in four home purchases. As cash-poor children fail to find £18,000 deposit. Parents are starting to feel the strain as the average contribution has fallen from £21,600 last year to a projected £18,000 in 2018.

Read more: www.dailymail.co.uk

Credi empowers ‘The Bank of Mum and Dad’

Seamlessly managing your loan agreements avoiding potential disputes. Create loan agreements in under 5 minutes with friends, family or colleagues. Notifications are automatically sent to the borrower when repayments are overdue, forgiven, cleared or failed. Sign up for Credi.

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 or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

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