Advice on lending money to a friend

martinthebandit

Wait a year or so until you have a better idea of where the relationship is going.

Then offer to help him out to get his flat ready for you both to move in together.

At the moment he seems to me to be 'a boyfriend'

lending him money, will change that to being 'someone who owes you'

Which is a much different thing and is unlikely to help lead to a long term relationship (which I suspect is where you want to be)

BoroPhil

If you really want him to have the money and you can afford to lose it, why not just give him it? Happiness all round. Like someone has said, if he can't afford to save, how will he be able to afford to pay it back?

pineapple123

Am I missing something here, when he bought the flat from the council it must have had a kitchen and I suspect a boiler,why rip it all out if you couldnt afford to replace them, maybe not flash or in great working order but still practical and upgraded as and when he could.
I think you are being very generous giving him money to buy these things but feel he should have forseen this expense before gutting the place.

RichGold

somethingcorporate wrote: »

If he doesn't see borrowing money from you as being a loan or debt and is not willing to make sacrifices to pay it back then run for the hills!!

It certainly doesn't bode well for future happiness/security.

BoroPhill wrote:

If you really want him to have the money and you can afford to lose it, why not just give him it? Happiness all round. Like someone has said, if he can't afford to save, how will he be able to afford to pay it back

A good reason not to give it to him is that he could start to see her as an easy touch.

pineapple123 wrote:

Am I missing something here, when he bought the flat it must have had a kitchen and I suspect a boiler,why rip it all out if you couldn't afford to replace them, maybe not flash or in great working order but still practical and upgraded as and when he could.

I've done exactly the same as this guy by ripping apart a perfectly good house that was only 20 years old. Its all a big joke to all my friends who are always asking "When ya moving in Rich?". The thing is I'm fixing it up in my own time with my own money which is exactly what I think that the OP's boyfriend should do....

....unless the OP is free this weekend to pop round and see how much cash she could throw my way?