Borrowing from bank of Mum and Dad could kill home loan application
The bank of mum and dad is under threat, with some banks refusing to lend to borrowers who have been gifted a chunk of their deposit. More
By Susan Hely -
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 | Susan Hely Susan has been a finance journalist for more than 30 years, beginning at the Australian Financial Review before moving to the Sydney Morning Herald. She edited a superannuation magazine, Superfunds, for the Association of Superannuation Funds of Australia, and writes regularly on superannuation and managed funds. She's also author of the best-selling book Women and Money. |
