The bank of Mum and Dad....
Why the property ladder can be more slippery for those with parental help...
It seems as if Prince Harry isn’t the only one to turn to grandparents for help…. (For those who haven’t seen the video clip Their Royal Highnesses are seen giving a pithy retort to Barack and Michelle Obama's Invictus Games challenge.) First time buyers are also looking to their elders for help, specifically the Bank of Mum and Dad (or Granny and Grandpa) to help them with a deposit for a step onto the housing ladder.
To learn more about the issues which both parties should consider carefully at the outset go to Spear's Wealth Management.
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