The ‘Bank of Mum & Dad’ - Key Considerations for Residential Conveyancers

Introduction

'Bank of mum and dad 'helps half of first time buyers'' (BBC, quoting Savills research, 05.05.2025)

Parents helping their children get on the housing ladder is now big business. And of course, it is not just parents - many buyers now have financial assistance from third parties, which adds another layer of responsibility and complexity to hard pressed conveyancers. The matter is made more difficult if a first time buyer is involved.

This practical webinar will consider some of the key issues and risks for conveyancers to consider when acting for a buyer who is getting financial assistance from a third party.

What You Will Learn

This webinar will cover the following:

• What is a gift? Why does this matter?
• AML duties
• LSAG guidance update
• Problems with a mortgage lender
• Are there any professional conduct concerns?
• Problems with first time buyers