‘Bank of Mum and Dad’ equal to £5.7bn mortgage lender. Daily Mail

‘Bank of Mum and Dad’ equal to £5.7bn mortgage lender. Daily Mail 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 […]

Budget 2018 leaves “Bank of Mum and Dad” to help first-time buyers

Budget 2018 leaves “Bank of Mum and Dad” to help first-time buyers Over 50% of first-time buyers are getting support from ‘The Bank of Mum and Dad’. A number of parents were looking to the budget to help shoulder the financial cost of helping their children get into the housing market. Unfortunately, the 2018 Budget […]

Majority First-home buyers use ‘BOMAD’ -Domain.com.au

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, the Bank of Mum and Dad shot 25 per cent higher in the past year. Source: domain.com.au […]

Financial Review reports 25% increase in lending by ‘The Bank of Mum and Dad’

Financial Review reports 25% increase in lending by ‘The Bank of Mum and Dad’ ‘The Bank of Mum and Dad’ is reported  to in increase lending  by 25% to $20 billion in the past 12 months due to banks’ raising rates. Source: Australian Financial Review Read full article. Tim K. Dean, Credi Founder | Commentator […]

Couple lose 90k in what they thought was a loan Daily Mail

Couple loses £90,000 in what they thought was a loan to their daughter A misunderstanding in loan terms causes a rift at the bank of Mum and Dad . Formalise a loan agreement with Credi Credi.com is a world-first relationship-lending platform that empowers ‘The Bank of Mum and Dad’. It is an efficient, cost-effective means […]

Credi User Stats & Partner Launch – March 2018

Credi User Stats & Credi Partner Launch – March 2018 Credi, the platform for managing your loan agreements, had a great March 2018. March saw us reach $57,840,697 AUD loan agreements formalised and managed. With $13,306,168 of these being active/live loan agreements. We also saw a 35% increase in our total user base to 3546, […]

Make and save money by documenting a loan agreement

Make and save money by documenting a loan agreement How to make and save money documenting a related party loan Documenting a loan agreement to a related party is crucial – so why is it so rarely done? It’s the nature of the relationship between the parties to the loan that puts this important piece […]

Credi User Stats – February 2018

Credi User Stats – February 2018 Credi, the online platform for managing a loan agreement between friends or family, has set new records in February 2018. The Credi platform has seen an increase in users managing lending agreements, and this month saw the Credi loan agreement platform reach new heights. This February 2018 saw $55, […]

Should you start a loan agreement between friends?

Should you start a loan agreement between friends? Would you start a loan agreement between friends? Lending a friend $20 a few days away from pay-day is not a big deal, but what if a friend asks to borrow a significant amount of money? Or if a parent lends a child money that they can’t […]

Credi User Stats – January 2018

Credi User Stats – January 2018 Credi takes up Internationally. In December we quietly opened up our platform to 51 countries, and organically we are seeing usage spread globally. Our strategy remains to formally establish a presence in the UK in by mid-2018, and then accelerate through partnerships and strategic alliances. Australia is still our […]