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?

BOMAD

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

BOMAD_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.


Download our guide

Bank of Mum and Dad
- A Legal Guide

BOMAD_A_Conversation_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.

Download our guide

Bank of Mum and Dad
- A Conversation Guide

BOMAD_A_Conversation_Guide


For both parents and children, this guide highlights important questions and topics
that should be considered when discussing financial support.


Download our guide

How to run the Bank of Mum and Dad

BOMAD_How_to_run


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.

Download our guide

 

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.

 

Find Your Local

Business Development Manager

Your Local BDM:

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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Your Local BDM:

Michelle Parry-Bunter

Michelle has worked for the Society for over a decade and focuses on the South Coast. Contact Michelle for help with your clients' mortgages.
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Your Local BDM:

Nathan Waller

Nathan was previously a mortgage and protection adviser, and focuses on Essex and Kent. Contact Nathan for help with your clients' mortgages.
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Your Local BDM:

Charlotte Grimshaw

Charlotte has a background working with intermediaries within the Building Society sector and focuses around the West M25 area. Contact Charlotte 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 & West Midlands. 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 & 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:

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.

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