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BOMAD - the new acronym for the (allegedly) ninth biggest mortgage lender in the UK – the Bank of Mum and Dad. Of course Mum and Dad normally provide a deposit rather than the whole amount, but that is a double benefit because the bigger the deposit the less the loan and the lower the interest rates charged on the money that is borrowed. However, when you give or lend money to your grown up children, how do you keep it safe and how do you avoid the many legal traps? In Scotland they even have a tri-partite pre-nuptial agreement.