lend a friend £90k, for property deposit

Jackmydad · 15 September 2017 at 8:20PM

Pyxis wrote: »

Instead of loaning or gifting the 90k, why not go into partnership with him for this deal, and so share the profits from it?

Join forces with him to get the mortgage, etc., Share the risks but also the profits. That way you'll get your 90k back when the property is sold, plus a tidy bit on top for your trouble.

Business partnerships can be fraught with problems as well.
I prefer not to put myself in the position where I have to trust people with my money if there is any possible way to not do so.
I'm very cynical I know, but I haven't seen much to make me feel any different.
"Love many, trust few, and always paddle your own canoe"
Seems to be a good adage.

Pyxis · 15 September 2017 at 10:57PM

Jackmydad wrote: »

Business partnerships can be fraught with problems as well.
I prefer not to put myself in the position where I have to trust people with my money if there is any possible way to not do so.
I'm very cynical I know, but I haven't seen much to make me feel any different.
"Love many, trust few, and always paddle your own canoe"
Seems to be a good adage.

True, but if both names are on the mortgage and the deeds, he would get his money back if the property were sold, more so than just loaning or, worse still, gifting it.

lend a friend £90k, for property deposit

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