Applying to the Bank of Mum and Dad about getting your inheritance early – the dos and the don’ts

The first rule of the Bank of Mum and Dad is you do not talk about the Bank of Mum and Dad – to paraphrase Fight Club – the cult 1990s novel and film that riffed on generational angst.
Parents who are both affluent and generous enough to give their adult children a dig-out are quietly stoking the flames of a red-hot property market by passing on lump sums or assets to first-time buyers, arming them with the financial firepower to outbid buyers who don’t have the privilege of parental support.