Notices

  • Online Service update. Due to planned essential maintenance, our Online Service will be unavailable from 8am until 5pm on Sunday 28 July. We apologise for any inconvenience this may cause.

  • We have recently updated our 'How We Use Personal Information' leaflet – with improvements to the transparency of the document and a new section on fraud prevention agencies. The Credit Reference Agency Information Notice (CRAIN) has been removed from the leaflet and instead we provide details of the credit reference agencies’ websites to access this. You can view the latest Privacy notice here.
  • We're here to help if you're experiencing or expect to experience difficulties in paying your mortgage. Find out more. 
BOMAD-RESEARCH-AND-GUIDES

Bank of Mum and Dad research and guides

Helping loved ones onto the property ladder? Know the rules for both your own financial protection and peace of mind.

Bank of Mum and Dad

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 house purchase. With the need to provide ever increasing deposits, the Bank of Mum and Dad is now busier than ever. 

The Bank of Mum and Dad is one of the UK's biggest mortgage lenders but how does it really work? 

It’s essential that parents and their children know what they are doing and what everyone's responsibilities are regarding when, how and indeed if repayments are to be made.

 

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How to run the Bank of Mum and Dad

Building on this real world experience, this led us to produce the definitive guide on 'How to run the Bank of Mum and Dad' which shows how it works and the important things families need to consider.

Our guide covers topics such as:

  • Fairness
  • Misunderstandings and misgivings
  • Taking advice
  • Having more than one child
  • Relationship breakdowns
  • Personal circumstances and what the future holds.

Read our brochure. 

 

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Our Bank of Mum and Dad research

We carried out some research with our members, in conjunction with the London School of Economics, to look at how families approach parental help when buying a property, and their experiences during this process.

The report looks at how families make these often difficult decisions, how they provide financial assistance and the issues that arise before and during the arrangement. 

Find out more about our research.

Frequently asked questions

Find answers to some of the most common asked when helping your loved ones onto the property ladder. Read our FAQs.

  

Bank of Mum and Dad support guides

We have produced a range of simple guides that can help families through every step on lending to their loved ones:

  • Legal and Financial consideration guide
    There are numerous financial considerations and legal implications that families should be aware of when providing financial assistance. This guide highlights important things you need to consider before opening the Bank of Mum and Dad. Read our guide.  
  • Conversation guide
    Talking about money can be difficult. Here's we highlight important questions and topics to help tackle that tricky conversation of financial assistance. Read our guide.