First home buyers taking parental freebies, borrowing more
For those with the good fortune to have parents wealthy enough to help them onto the property ladder, the Bank of Mum and Dad is becoming an increasingly friendly lender.
First home buyers are re-entering the mortgage market, but parents are increasingly providing a vital financial buffer. (Image source: Shutterstock.com)
Not everyone has the luxury but for those with access to the Bank of Mum and Dad it seems the loan conditions are improving in a big way.
Around three quarters of parents providing financial assistance for their children to buy a home in 2025 said they do not expect to be reimbursed. This figure is a huge turnaround compared to 2021, when just a third of respondents said they did not expect to be repaid.
Almost no parents (just 3 per cent) who …
