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The hidden costs of borrowing from the 'Bank of Mum and Dad'
Man is handing a house key to a woman.Key with a keychain in the shape of the house. Source: Moment RF / Witthaya Prasongsin/Getty Images
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Accepting money from the "Bank of Mum and Dad" may make sense financially, but there can be hidden costs. From 2017, up to 60 per cent of first home buyers were receiving some form of financial help from parents to buy, a big jump from 2010 when it was about 12 per cent. This feature explains more
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