Avoid Drama lending to a sibling who has lost their job
Avoid drama lending to a sibling who has lost their job Avoid drama lending to a sibling who has lost their job The tough decision you face when a sibling asks to borrow money. The tough decision you face when a sibling asks to borrow money It’s natural to want to help loved ones but […]
More than half of UK kids want to be bankrolled by mum and dad until first job
More than half of UK kids want to be bankrolled by mum and dad until first job More than half of UK kids want to be bankrolled by mum and dad until first job One in two British kids expect to be bankrolled by the bank of mum and dad until they find a job. […]
Adult children are straining the generosity of parents
Adult children are straining the generosity of parents Adult children are straining the generosity of parents Demands for extended support are growing, but an Italian judge has put her foot down The case concerned a 35-year-old man who has spent the past five years suing his parents for money to supplement his job as a […]
BOMAD transactions have to be mutually agreed, NOT assumed
Landmark ruling reinforces the need for a formal transaction between parents and their children Landmark ruling reinforces the need for a formal transaction between parents and their children Italy’s Supreme Court has made a landmark decision regarding parent’s obligations to financially support their children, following a five year legal battle between a 35-year-old man and […]
NSW government abolishes stamp duty for new homes under $800,000
Bank of Mum & Dad to help first time buyers as NSW abolish stamp duty for new homes under $800,000 Bank of Mum & Dad to help first time buyers as NSW abolish stamp duty for new homes under $800,000 The NSW state government has abolished stamp duty for new homes under $800,000, in a […]
Millennials turning to ‘Bank of Mum and Dad’ are putting parents at risk without proper loan documentation
Millennials turning to ‘Bank of Mum and Dad’ are putting parents at risk without proper loan documentation Millennials turning to ‘Bank of Mum and Dad’ are putting parents at risk without proper loan documentation Young people are turning to the ‘Bank of Mum and Dad’ under pressure, research shows, but it can be damaging for […]
Surge in first home buyers enquires signals big growth in demand for the Bank of Mum & Dad.
Surge in first home buyers enquires signals big growth in demand for the Bank of Mum & Dad. Surge in first home buyers enquires signals big growth in demand for the Bank of Mum & Dad. The majority of first home buyers now borrow from the so-called “Bank of Mum and Dad”, which accounts for […]
Parents whom lend to their children will now need to have repayment plan documented as banks tighten up post-retirement mortgage repayment plans
Parents whom lend to their children will now need to have repayment plan documented as banks tighten up post-retirement mortgage repayment plans Parents whom lend to their children will now need to have repayment plan documented as banks tighten up post-retirement mortgage repayment plans Major bank introduces new serviceability probe Brokers will now be required […]
Bank of Mum and Dad is back to bridge deposit gap
Bank of Mum and Dad is back to bridge deposit gap Bank of Mum and Dad is back to bridge deposit gap Record low interest rates and government incentives are boosting interest from first home buyers, despite a weakening economy. The Bank of Mum and Dad is making a comeback as record-low lending rates, generous […]
Bank of Mum and Dad: Alternatives to 95% mortgages
Bank of Mum and Dad: Alternatives to 95% mortgages Bank of Mum and Dad: Alternatives to 95% mortgages If you are a first-time buyer with only a 5 % deposit, you may feel your home ownership dreams are crumbling before your eyes. But there may be hope. Before you throw in the towel – take […]