How to Guide: Everything the Bank of Mum and Dad should know before lending

Babyboomers are finding themselves in great demand by their children – and it’s not just for their pearls of wisdom!

Many of those lucky enough to have savings and investments and equity in their property have, slowly, inexorably and perhaps unwittingly, become a brand new institution - the Bank of Mum and Dad. A combination of soaring house prices, stricter lending criteria, and low wage inflation has seen thousands of our ‘young’ turn to their parents for help – particularly as they try to get a foothold on an increasingly out of reach property ladder.

This How to Guide shows you everything you should know BEFORE lending money to your children.

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