Free Financial Firepower™ calculator
Obtain an instant estimate of your property and how much home equity you can unlock.
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Obtain an instant estimate of your property and how much home equity you can unlock.
No thanksSet yourself up for success.
Designed for parents to help their children on to the home ownership ladder, while protecting family assets and relationships.
Opening the Bank of Mum and Dad is not without risk—both financially and emotionally.
That’s why we have created tools and checklists that help parents and their children educate themselves on the risks and implications that may arise when helping a child with a home deposit.
Work out in advance what happens to your agreement if their relationship breaks down. Also, consider the impact on other siblings.
A gift is a simple transaction. However, unlike a loan, a gift may not be retrieved if the child's relationship breaks up.
It’s great to help your children, but don’t risk your future dreams or finances, or your relationships.
There are several ways to source the money needed to help your family: traditional bank loans, home equity loans like Inviva or becoming a guarantor.
Your children may be the ones buying the house but you’ll always want them to make the right choices. Keep up to date with their planning and decisions and prompt them if needed.
It’s essential to discuss AND fully document the arrangements between the borrower and the lender, to reduce the financial and legal impacts if things go wrong.
