The Bank of Mum and Dad

As parents help their children onto the property ladder, experts warn them to be careful

15th May, 2016

There’s a new type of lender in town. The friendly face of banking provides generous loans, interest-free in many cases, indefinite repayment terms and lots of flexibility.

Enter the parents: the new alternative lenders.

Recent British figures suggest that the so-called Bank of Mum and Dad is lending billions of pounds a year, enough to put it in the top ten mortgage lenders in Britain.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 9 months ago

The Daily Briefing

The Daily Briefing