Bank First

Bank First founded in 1972, today launched a service that helps to address the legal, financial and emotional challenges many parents face when it comes to supporting their children's home ownership dreams. This is the first time an Australian Bank has launched a Shared Equity Agreement (SEA), which is like a pre-nuptial agreement between a "contributor" and a home buyer. It defines everyone's legal rights and obligations, provides the security of a registered mortgage and enables proper disclosure to the home buyer's bank lender.