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What's a fair interest rate for family borrowing?

princess1984 · 2011-01-26 16:58:43

My dad lent me 2k to move house 6months ago,with no interest agreed, paying back the deposit when I move out and £15pw from January. Now I've moved, the £800 deposit is coming straight back his way, and whereas he was happy to have it back at the agreed £15pw, he now wants to discuss it this Friday because he says he's…

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Hax Posts: 890 Forumite

27 January 2011 at 12:48AM

That's two of us that have learned a new word today then

My posts are my own opinions based on my experiences and info gathered from sites such as this.
They are not a substitute for professional financial advice - but you knew that already didn't you?

VSP 2011 - Member #25 - Started 6th December 2010 - Total As Of 4th May 2011 (21 weeks in!) - £323.67/£500 - So far so good!

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What's a fair interest rate for family borrowing?

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