NZ Property Investor

IT'S NOT EASY BEING THE BANK OF MUM AND DAD

YOUR ACCOUNTANT

Many parents will relate to navigating the minefield around helping children into a home.

Firstly, there is the pressure to do so given that it has become increasingly difficult for young people to qualify for lending without assistance. While a dip in house prices has helped some, the increase in interest rates and the stress testing applied by banks under the responsible lending code has meant it is as difficult as ever for the kids to actually get a loan to buy

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