Grow your financial education
Article Contents
< All Topics

What is the ‘bank of Mum and Dad’?

Bank of Mum and Dad Explained

The ‘Parent bank’ is a fun term to describe a genuine and increasingly used source of funds to help the next generation to purchase a property, usually their own home. Parents often have considerable asset value in their own home and/or investment properties. There are several financial tools that can be considered to help parents help their child.

Seek Expert and Independent Advice

This is a complex area of finance, and at OZloans, we can help both parents and child/ren navigate through the best path for their situation, for now and for the longer term. We bring both accounting and the expertise of an independent mortgage brokerage of 20+ years to the table.



Get in touch today

Call for a confidential discussion about your best financial solution, or drop us your details here and we will be in touch.