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 […]

#BOMAD

#BOMAD Being a part of generation Y has its challenges. One of the many challenges currently facing 20 something’s is buying a house. For students like myself, there are really only two options available. Live with your parents or start renting. Today’s property market is both challenging and rewarding for those who are able to […]

Bank of Mum and Dad equal to the 9th biggest mortgage lender in the UK

Bank of Mum and Dad equal to the 9th biggest mortgage lender in the UK Journalist Isabelle Fraser of the Telegraph in the UK writes of the impact of the bank of mum and dad reporting it to be equivalent to the 9th biggest mortgage lender in the country. Fraser further states parents in Britain […]

Legal & General’s research on the ‘Bank of Mum and Dad’

Legal & General’s research on the ‘Bank of Mum and Dad’ Legal & General’s recent reports have shown the significant impact of the ‘Bank of Mum and Dad’ in helping their loved ones get a foot in the property market otherwise move up the ladder. Their recent 2017 report highlights that parents will lend an […]

Lending £6.5 billion: The Bank of Mum and Dad

Lending £6.5 billion: The Bank of Mum and Dad Overall, in 2017, the Bank of Mum and Dad is expected to be one of the greatest lenders in the United Kingdom, lending £6.5 billion. What’s the most popular reason for lending BOMAD lending their children money you ask? The Bank of Mum and Dad continues to […]

First Home Buyers Worry About Finances Even With The Help of BOMAD

First Home Buyers Worry About Finances Even With The Help of BOMAD A new survey from the Canada Mortgage and Housing Corporation (CMHC) shows that first home buyers still worry about their finances even after receiving support from family for a down payment on a home. 18% of first time home buyers shared that their […]

Gen Ys turn to BOMAD

Gen Ys turn to BOMAD A new survey from the Canada Mortgage and Housing Corporation (CMHC) shows that first home buyers still worry about their finances even after receiving support from family for a down payment on a home. Almost half of Australia’s Generation Y’s are now going straight to the ‘Bank of Mum of […]

Second Steppers needing help from BOMAD

Second Steppers needing help from BOMAD Findings from recent research shows that 32% of second steppers looking to make the big move to their second home seek financial support from their family and friends. The estimated difference between a first time property purchase and a second time property purchase is £126,000. Getting onto the property ladder […]

Bank of Mum and Dad: how to help your children buy a home

Bank of Mum and Dad: how to help your children buy a home Love Money sets out some great points as a guide for parents to financially support their children and help them buy a home. The Bank of Mum and Dad is ever growing and becoming a world wide phenomenon in relationship lending, now funding […]