Cheques and Balances cover image

Cheques and Balances

Ep. 87 60% Of First Home Buyers Use This Bank - The Bank Of Mum And Dad

Sep 26, 2022
14:24

With the property ladder getting more out of reach for first home buyers, Kiwi's are forced to get creative with pulling together a deposit. The bank of Mum and Dad has become the 5th largest home loan lender in New Zealand, with an estimated $22.6 billion being loaned out to family members to help them get into a home.

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The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.

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