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Our new 1 Year Fixed Rate Bond (68) paying 4.65% Gross AER on balances of £10,000+ is now on sale. Find out more and apply online.
- Savings customers: Your 2025 / 2026 Annual Interest Savings Summary are currently being processed and are due to be sent from 28 April 2026.
Bank of Mum and Dad research and guides
Helping loved ones onto the property ladder? Know the rules for both your own financial protection and peace of mind.Bank of Mum and Dad
It's now quite common for young people, and particularly first time buyers, to receive a contribution from parents or other family members to help with a house purchase. With the need to provide ever increasing deposits, the Bank of Mum and Dad is now busier than ever.
The Bank of Mum and Dad is one of the UK's biggest mortgage lenders but how does it really work? It’s essential that parents and their children know what they are doing and what everyone's responsibilities are regarding when, how and indeed if repayments are to be made.
We have produced a range of simple guides covering key topics and important things families need to consider.
Family assisted mortgages
We offer a number of family assisted mortgage products for those needing extra or family help to get onto the property ladder.
Our Bank of Mum and Dad research
We carried out some research with our members, in conjunction with the London School of Economics, to look at how families approach parental help when buying a property, and their experiences during this process.
The report looks at how families make these often difficult decisions, how they provide financial assistance and the issues that arise before and during the arrangement.
How to run the Bank of Mum and Dad
Building on this real world experience, this led us to produce the definitive guide on 'How to run the Bank of Mum and Dad' which shows how it works and the important things families need to consider.
Our guide covers topics such as:
- Fairness
- Misunderstandings and misgivings
- Taking advice
- Having more than one child
- Relationship breakdowns
- Personal circumstances and what the future holds
Read our Bank of Mum and Dad brochure.
Frequently asked questions
Find answers to some of the most common asked when helping your loved ones onto the property ladder. Read our FAQs.
Bank of Mum and Dad support guides
We have produced a range of simple guides that can help families through every step on lending to their loved ones:
- Legal and Financial consideration guide - There are numerous financial considerations and legal implications that families should be aware of when providing financial assistance. This guide highlights important things you need to consider before opening the Bank of Mum and Dad. Read our guide.
- Conversation guide - Talking about money can be difficult. Here's we highlight important questions and topics to help tackle that tricky conversation of financial assistance. Read our guide.