1
Type Speaker CPD Hours Level
Webinar
1.25 IntermediateInformation
Accreditation Information
SRA Competency B C

Introduction

‘Parents will give or lend almost £10billion this year to help their children get on the property ladder…’

(The Times, 23.10.2021)

The bank of mum and dad is now bigger than many high street lenders - this has crept up on the market and the conveyancers advising them and their children.

This practical webinar will look at some of the key points to consider when faced with acting for a buyer whose parents are contributing to the purchase price.

What You Will Learn

This webinar will cover the following:

  • Is it really a gift?
  • What about the bank or building society?
  • Conflicts of interest
  • Source of funds checks
  • Acting as a guarantor
  • Should mum and dad join in the purchase?

This webinar was recorded on 1st March 2022

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

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