‘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.

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