Bank of Family
These days, financial help for younger people comes from grandparents and other family members as much as Mum and Dad. So the Bank of Mum and Dad is really the Bank of Family. We’ve gathered all you’ll need to help your own loved ones, however you’re related to them and whatever you’d like to do for them. Our Guide to Gifting is the ideal starting place.
The Bank of Mum and Dad (BoMaD)
In our article we look at how the Bank of Mum and Dad have supported their children financially. From helping them get on the property ladder to gifting money when they need it most.
Helping your loved ones onto the property ladder
Helping a loved one onto the housing ladder is something most of us wish we could do. But for many young people today, buying a property can seem just out of reach, forcing them into renting or living at home well into their 30s.