26/10/2026
π Bank of Mum and Dad: why a formal agreement makes sense πβ£
β£
One-in-five first home buyers rely on the support of parents or family. β£
β£
Yet more than 6-in-10 of these buyers have no written agreement in place, according to Money.com.auβs latest research.β£
β£
This can potentially delay home loan approval. β³β£
β£
Thatβs because lenders want to know if the financial support is a cash gift or a loan. π€β£
β£
Bottom line, talk to us to know how to structure the support of well-meaning family members. πβ£
β£
To find out more, DM us or contact Kim on:
βοΈ β 0422 066 339
π» β [email protected]