Tag Archives: Mortgages

Bank of Mum & Dad Lending Reaches $20b

Unregulated Bank of Mum & Dad loans soar to $20 billion Average loan is $88k up from $30k in 2010 Bank of Mum & Dad now a top 10 bank, with 60% of first time buyers requesting financial assistance in 2018 While regular financial institutions are making property loans harder to acquire (even rejecting applications for Afterpay, UberEats & Netflix

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