HOW TO BE THE BEST MUM AND DAD BANK
The bank of mum and dad is said to now be the largest bank in NZ with many first home buyers turning to their parents to help them get onto the property ladder. There are many ways to approach the dilemma of how best to respond to the pressure of helping the kids into a property.
Common options include equity share, buying the property yourself and renting it to the kids for purchase down the track, guaranteeing their lending, or gifting and/or lending
