Second-steppers taking over, keeping the Bank of Mum and Dad in business

88.9% of My Home Move’s accounted gifted deposit transactions were middle-movers and second steppers. Seeing a 7.1% increase over two years.

Property Industry Eye further highlights the results from My Home Move’s reporting and later quotes the chief executive of My Home Move, Doug Crawford. He states “It is clear that affordability is becoming a concern not just for first-time buyers, but for people on all steps of the property ladder.”

Read the article in full here!

Credit: Marc Shoffman

Source: www.propertyindustryeye.com

Tim K. Dean, Credi Founder | Commentator & Expert on Family Lending, Bank of Mum & Dad and Neo-Credit Scores is available for media interviews and appearances. More…

Share on facebook
Share on google
Share on twitter
Share on linkedin

Credi Pty Ltd is a Financial Technology business, not a marketplace lender. Our mission is to change the way we lend money. We want to empower people to help each other and take control of their financial relationships without creating friction and stress.

Credi is the World’s #1 loan management platform for private lenders.

  • Formalise your loan agreements online
  • eSignature functionality means no paperwork needed
  • Trusted by over 5,000 people worldwide
  • Takes minutes to setup
  • Track repayments online or through the Credi mobile track app
  • Option to secure your loan with borrower assets (PPSR registration, for Australian users only)

Better Loan Documentation
& Management

Sign up and become one of the thousands of people and business around the world using Credi to protect them selves with robust loan documentation and management today.

Better Loan Documentation
& Management

Sign up and become one of the thousands of people and business around the world using Credi to protect them selves with robust loan documentation and management today.