The dangers of family guarantees to secure lending

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The dangers of family guarantees to secure lending

Ramon Mitchell, Performance Property Advisory (PPA) NSW Director was asked to share his view on the risks associated with family guarantees on loans. Although it can be a good way for younger buyers to enter into more affluent suburbs with the assistance of their parent’s equity, it can also place added risk on the parents if the borrower’s circumstances change.

Read the full article here: http://www.theaustralian.com.au/business/wealth/dangers-lurking-in-bank-of-mum-and-dad/news-story/2f4d0ea10b7088428d7c49951c74789a