Mums Finance

They all say it is a buyers market right now…but just try organising the finance to actually buy that property you have your heart set on. 

It is becoming almost impossible to say the least.

I would hate to be a first time home buyer right now as mortgage lenders have drastically altered their lending criteria and as a result young house hunters are finding that they are relying more frequently on the Bank of Mum and Dad more often. As more and more young people depend on their parents to provide them with board and lodging well into their thirties it just gives you a clear idea on just how difficult it is to get your foot on the property ladder these days.

Then again, the sellers are in the same boat…most people need a mortgage these days to buy a house and many lenders just are not lending. So many properties are languishing on the for sale market.

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