The Bank of Mum and Dad

Dec 14, 2018 6:56:00 AM

Many parents decide to help their children onto the property ladder; so much so that the Bank of Mum and Dad is now recognized as the fifth biggest lender in Australia. While providing a guarantee or even dipping into your own property’s equity to gift your children the money is commendable, it’s also a big commitment and not without risk. If you are considering doing this, here are four questions you need to ask yourself.


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Topics: Mortgage Broker, Lenders, Investing in Property, Home loan rates, Bank of mum and dad, Australia Mortgage, Guarantor, Home Loan Advice, Buying property in Australia

Buying a home with family

Jun 12, 2018 3:58:51 PM

A combination of rising property prices and stricter lending criteria has made it harder than ever to buy a home or an investment property. As a result, many buyers are pooling their resources and buying property with family. As with any contract however, it’s important you go in with your eyes wide open. Here’s what you need to know.


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Topics: Property Investment, Mortgage Broker, Investors, Family, Bank of mum and dad, Australia Mortgage, Property Manager, Guarantor