Real Estate & Home

Expert warns of 'catastrophic' risks for bank of mum and dad

26 sec read12 views0 listens

Financial adviser Patricia Howard warns that using the "bank of mum and dad" to help children buy homes can lead to catastrophic financial consequences for parents. This matters because it highlights risks such as undermining parents' retirement security if they provide extensive financial support, underscoring the need for careful planning and professional advice.

Read the full article at Property News - Latest Real Estate Market News

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