We support the the bank of Mum and Dad, bringing families together to explore financing options to support their children.
Why Help Your Children Achieve Homeownership?
There are numerous advantages to helping your children embark on their homeownership journey:
- Financial Stability: Homeownership provides long-term financial stability and security for your children. It offers the opportunity to build equity and establish a solid foundation for their future.
- Sense of Belonging: Owning a home instils a sense of pride and belonging. It creates a space where your children can create lasting memories, nurture relationships, and truly call their own.
- Investment Potential: Assisting your children in purchasing property allows them to benefit from potential property value appreciation, providing a solid investment for their financial growth.
- Legacy and Family Values: Helping your children become homeowners demonstrates the importance of family support and financial responsibility. It allows you to leave a lasting legacy and impart valuable life lessons to future generations.
How can you help?
As a parent, you want the best for your children, and sometimes there is uncertainty around how to help.
There are a number of ways you are able to help your children to purchase property, some strategies include:
- Becoming a guarantor - this could involve the family home or an investment property.
- Co-purchasing a property together to build equity.
- Providing a loan to your child that could be used as a deposit.
- Gifting money to your child to assist with a deposit.
- Downsizing the family home and selling the property to your child on favourable terms.
Get Our Comprehensive Guide
Assisting Children to Purchase property
Gain an understanding of how you can help your children achieve homeownership with our comprehensive guide. Inside, you’ll discover:
- The different options for you to assist your children, including being a guarantor, lending money, and gifting funds.
- Pros and cons of each approach, empowering you to make informed decisions that align with your unique circumstances.
- Understand potential traps when providing assistance and how professionals can assist.
To receive your complimentary copy of the guide, simply provide your contact information below.