With interest rate pressures and strong property prices the path to become a first home owner can be difficult to achieve without family support.
Parents are more than ever needed to financially help their child to acquire the first home.
But where their child has a partner, parents are likely to be looking for some certainty – either that in time they can have their advance returned to them; or if their child’s relationship encounters any problems, that their contribution is repayable in full. Family Law can create troubles for the bank of mum and dad. [...]