Everything the Bank of Mum and Dad should know before lending


Category: News

Rising house prices and the difficulty in saving a deposit are a challenge for many home buyers. So, it’s perhaps no surprise that more and more young people are looking to parents and grandparents for help in getting onto the property ladder.

The so-called bank of Mum and Dad is now the UK’s tenth biggest lender, advancing more than £6 billion every year. While thousands of parents and grandparents are happy to provide financial support, there are concerns that many are offering help without thinking carefully about the implications of gifting or lending money.

If you are thinking of opening the doors to the Bank of Mum and Dad either now or in the future, here’s a guide to all the factors you need to consider.

Click here to download your free copy of the guide.

We are here to help answer your questions. Call one of the team on 020 7353 8001 or email enquiries@ash-ridge.com to begin your journey.

01/07

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I first met Anthony Kynaston some 13 years ago, when I sought advice regarding an inheritance from my late parents. He immediately impressed me with his friendly, calm, clear and professional manner, ascertaining my individual needs. Tony has since then continued to advise, plan and manage my financial affairs. This includes advice on my Buy to Let property and pension needs. He and his colleagues are always available to assist with any queries I may have. As a result, I can relax and now enjoy my retirement, leaving the complexities of financial management in their safe hands.

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Ash-Ridge has been advising me for over 25 years. I have seen a very significant increase in the value of my portfolios over the years and have been very impressed by their professionalism, attention to detail, hands on management and care. I have been thoroughly pleased with the service so far.

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