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 […]

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 […]

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 […]