THE BANK OF MUM AND DAD -
HELPING YOUR CLIENTS KNOW THE RULES
It's now quite common for young people, and particularly first time buyers, to receive a contribution from parents or other family members to help with a property purchase. The Bank of Mum and Dad is now one of the UK's biggest mortgage lenders but how does it really work?

As the Bank of Mum and Dad continues to play a pivotal role in helping first time buyers, it's essential that families know the rules for both their own financial protection and peace of mind.
Following the research we carried out earlier this year with the London School of Economics, and the launch of our definitive guide 'How to run the Bank of Mum and Dad', we have produced three new Bank of Mum and Dad guides that can help families through
every stage of the lending journey.
Preparation and planning
Our new guides, which you can share with your clients, can help families understand the financial and legal implications of their financial support and how they can best approach the often difficult conversation of financial assistance with their loved ones.
Bank of Mum and Dad
- A Financial Guide

A simple guide to help families understand
the implications of their financial help and additional planning they may need to take
into account.
Bank of Mum and Dad
- A Legal Guide

When providing financial assistance it's important to be aware of the legalities of
such support. This guide highlights some
of the legal implications families may need
to consider.
Bank of Mum and Dad
- A Conversation Guide

For both parents and children, this guide highlights important questions and topics
that should be considered when discussing financial support.
How to run the Bank of Mum and Dad

So how does the Bank of Mum and Dad
really work? Our guide outlines important
issues that parents and children need
to consider for their own financial
protection and peace of mind.
For more information on how the Bank of Mum and Dad really works please speak to your local BDM or our Mortgage Desk or visit our dedicated consumer webpage.
Latest News
And Product Updates
- 30/03/2021 - Changes to Land and Property Income Treatment
- 22/03/2021 - Search insurance now accepted for exchanges before 1 October 2021
- 27/01/2021 - Important information: launch of our mortgage products and application deadline
- 27/01/2021 - Important information on our mortgage products - new application deadline
- 12/01/2021 - Help Us Help you – Expat Buy to Let Applications
Your Local BDM:
Arif Kara
Your Local BDM:
Michelle Parry-Bunter
Your Local BDM:
Nathan Waller
Your Local BDM:
Grace Bennett
Your Local BDM:
Darren Deacon
Your Local BDM:
Paul Roberts
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: Mon - Fri: 8am - 5.30pm, Sat: 9am - noon
We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.