Opinion

Benefits and pitfalls of being the Bank of Mum and Dad

By Noel Whittaker
March 10 2024 - 7:30am
Noel Whittaker writes it does pay to be clear and specific about how to manage a hand-up to your child for a mortgage rate. Pictured are a series of House for Sale pointers. ACM file picture
Noel Whittaker writes it does pay to be clear and specific about how to manage a hand-up to your child for a mortgage rate. Pictured are a series of House for Sale pointers. ACM file picture

THE times they are a changing! In the "good old days" couples got married, saved a house deposit, and then, when they became eligible for a loan, spoke to their friendly local bank manager.

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