26 AugAward winning help for home buyers from Bankfirst
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Despite the buzz about house prices decreasing, many people are unable to save a 20% deposit. That’s why parents are helping their kids more than ever and contributing to their deposit. Unfortunately, there is a risk of legal disputes and family breakdowns when informal family loans go wrong. That’s why we’ve created First Start − a formal agreement between a contributor (parent) and the homebuyer (child). First Start defines everyone’s rights and obligations and received the Canstar Innovation Excellence Award for 2019.
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