Notices
  • Mortgage products - On Friday 22 November 2024, we’ll be making changes to our mortgage product range. This includes increases across our Owner Occupier Fixed Rate Repayment and Interest-Only products, as well as our Buy to Let Fixed Rate products.

  • Savings: Interest rates for Windfall Bond and Tracker Savings Bond will decrease by 0.25% from 1 December 2024. We will be writing to all customers individually to confirm the new rates.

    Mortgages: Tracker mortgages will change on 25 December 2024 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage.

    (Notice updated 08/11)

  • Online Service update. Due to planned essential maintenance, our Online Service will not be available between the hours of 8:00 am until 6:00 pm on the 15 December. We apologise for any inconvenience this may cause.

Conversation guide

How do families first approach the often difficult and tricky conversation of financial assistance for home buying?

Our research found that one of the biggest issues faced by a family is that the financial arrangement isn't documented and the exact terms of the financial support aren't clear.

Our simple guide can help both parents and adult children during these difficult discussions.

The guide covers:

  • Key points to help with the conversation

  • How to prepare for the discussion

  • Key questions and topics that need to be considered, along with space to write down what decision has been made and how both parties will proceed

  • Things to consider moving forward.

To find out more read our guide 'Bank of Mum an Dad - A conversation guide'.

     

     

     

     

     

     

BOMAD image conversation guide

How to run the Bank of Mum and Dad

Our definitive guide on 'How to run the Bank of Mum and Dad' shows how it works and important things to consider.