PHOTO: Buyers are still struggling to get the money for a deposit. Source: Supplied

Less and less first home buyers are relying on their parents for financial help, but it’s clear the “The Bank of Mum and Dad” is still well and truly open for business.

Since the Royal Commission into banking and the slowdown of the property market, the proverbial belt has tightened, making money harder to come by for first-home buyers.

There is one lending institution, however, that is rethinking its model to stay in the game.

Coined “The Bank of Mum and Dad”, this unofficial financial organisation has an estimated $30 billion currently on loan, placing it in the top 10 of lending institutions in Australia based on APRA’s (Australian Prudential Regulation Authority) latest figures.