The Bank of Mum and Dad - How it really works
30 Jan 2019
The Bank of Mum and Dad is now the UK’s sixth largest lender but how does it really work?
In conjunction with the London School of Economics, our new report "The Bank of Mum and Dad: How it really works", reveals the results of an extensive academic study into how families approach parental help when buying a property.
In 2018 we contacted our customers and, using a combination of an online survey, focus group discussion and telephone interviews, we were able to explore how parents and grandparents are using family assets to help their children on the property ladder and what they really think about it.
Building on this real world experience, this has led us to produce the definitive guide in "How to run the Bank of Mum and Dad". Our guide shows how the Bank of Mum and Dad works and important things to consider, covering topics such as:
Share our guide with your clients
Why not share our new guide with your clients?
They may be embarking on the journey of becoming a Bank of Mum and Dad lender, or may be getting help from family members to help with a house purchase.
Download your copy here.
In conjunction with the London School of Economics, our new report "The Bank of Mum and Dad: How it really works", reveals the results of an extensive academic study into how families approach parental help when buying a property.
In 2018 we contacted our customers and, using a combination of an online survey, focus group discussion and telephone interviews, we were able to explore how parents and grandparents are using family assets to help their children on the property ladder and what they really think about it.
Building on this real world experience, this has led us to produce the definitive guide in "How to run the Bank of Mum and Dad". Our guide shows how the Bank of Mum and Dad works and important things to consider, covering topics such as:
- Fairness
- Misunderstandings and misgivings
- Taking advice
- Having more than one child
- Relationship breakdowns
- Personal circumstances and what the future holds.
Share our guide with your clients
Why not share our new guide with your clients?
They may be embarking on the journey of becoming a Bank of Mum and Dad lender, or may be getting help from family members to help with a house purchase.
Download your copy here.
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Your Local BDM:
Sam Morrison
Working out of our head office, as our phone-based BDM in Epsom, Sam has a wealth of knowledge regarding our processes and criteria and covers a variety of postcodes across the UK.
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Neil Cadwallader
Neil has over 19 years experience in Financial Services from pensions and investments to mortgages. Neil focuses around South Wales and the West of England area. Contact Neil for help with your clients' mortgages.
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Stuart Heavens
Stuart focuses on the South Coast area. Contact Stuart for help with your clients' mortgages.
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Amar Mashru
Amar focuses on the Central London area. Contact Amar for help with your clients' mortgages.
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Arif Kara
Arif was previously a mortgage adviser, and focuses on North and West London. Contact Arif for help with your clients' mortgages.
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Nathan Waller
Nathan, previously a mortgage broker, focuses on Cambridgeshire, East Sussex, Essex, Suffolk, Hertfordshire, Bedfordshire, Lincolnshire, Norfolk and Kent. Contact Nathan for help with your clients' mortgages.
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Your Local BDM:
Grace Bennett
Grace focuses around the West M25 area. Contact Grace for help with your clients' mortgages.
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Your Local BDM:
Darren Deacon
Darren has over 28 years' Financial Services experience and focuses on both the East and West Midlands as well as the Southwest. Contact Darren for help with your clients' mortgages.
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Your Local BDM:
Paul Roberts
Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire and the North East. Contact Paul for help with your clients' mortgages.
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We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:
- 01372 744155
- 01372 745607
- mortgage.desk@familybsoc.co.uk
Opening hours: Monday - Friday: 9am - 5.30pm. Saturday: Closed
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