Transactions conducted through the Bank of Mum and Dad could leave parents and children better off
Transactions conducted through the Bank of Mum and Dad could leave parents and children better off Karl Deeter Updated: 13 Dec 2020, 8:58 THERE is a bank in this country which operates without a licence — and it is a huge operator too! It has billions in deposits and pumps billions into the hands of young people in an unregulated fashion. 3 Six in ten mortgage applications for first-time buyers get help from parentsCredit: Getty Images - Getty It’s the Bank of M&D. That stands for the ‘Bank of Mum and Dad’. It’s an informal network that plays in many households between members, and ...
Source: thesun.ie