09/09/2026
📝 Bank of Mum and Dad: why a formal agreement makes sense 📝
One-in-five first home buyers rely on the support of parents or family.
Yet more than 6-in-10 of these buyers have no written agreement in place, according to Money.com.au’s latest research.
This can potentially delay home loan approval. ⏳
That’s because lenders want to know if the financial support is a cash gift or a loan. 🤔
Bottom line, talk to us to know how to structure the support of well-meaning family members. 👇
To find out more, DM us or contact Damian on:
☎️ – 0431 382 750
💻 – [email protected]