2ND time around

euronorris

Kimberley82 wrote: »

I dont see what the problem with a parent giving their child large amounts of money if thats what they want to do.

We wouldnt be buying a house if it wasnt for my dad helping us out.

I think it depends on a number of things:

a) How good the child is with money in general
b) Whether the parent can afford it or not (without detriment to themselves)
c) Whether both parties are happy with the arrangement
d) Whether the parent is able to accept that the gift does not entitle them to any rights over the house, unless previously agreed

We don't know any of this from the OP, which is why I raised questions. I'd hate to think that the OP was giving money to someone who let it slip through their fingers like water, when she couldn't really afford it herself, out of some misplaced sense of duty.

Of course, it could be (and I hope it is) that all is well and this was an arrangement that worked out very well for both of them.

Lozzy88

There is nothing wrong with parents helping their children at all, i hope to do it one day myself the problem i seen in the OP`s post was the

Which would mean they are unhappy about the situation or the possible situation of handing over more money.

Any

Agree,
There is no problem of parent helphing their children to get on property ladder...

BUT the fact that OP is here and in quandry suggests that possibly the son is expecting another lavish present, even though he is on property ladder already (at least I hope after the £40k injection!!).

Seriously OP, unless you want to or you gave your other sons extra for their second marriage, give them a blender. They already have a house.

NickyBat

Maybe the OP FEELS he should give his son and new gf because he did it for his previous gf and doesn't want this one to think she is being treated any different, but deep down also doesn't feel she should because he has already helped him once before...............double edged sword....maybe?

Op, be generous if you feel you want to not because you feel you should, but not in the region of 10k!

Any

NickyBat wrote: »

Maybe the OP FEELS he should give his son and new gf because he did it for his previous gf and doesn't want this one to think she is being treated any different, but deep down also doesn't feel she should because he has already helped him once before...............double edged sword....maybe?

Op, be generous if you feel you want to not because you feel you should, but not in the region of 10k!

But the OP wasn't helping any gf, but her/his son!!

Helped them to get a house. Now this gf has somewhere to move into as the son already has a house, so how is that a different? Still house paid for by OP.. :cool: (and son... )

shelley_crow

If my parents had contributed the amount that you have towards your son, I would not expect a single penny, ever! Your generosity is overwhelming and your son should have been touched that you were willing and able to help him.

Unfortunately for me, I've never had any help monetary wise from my parents. You shouldn't be expected or feel obligated to provide vast amounts of money.

I second a previous poster, buy them a household gift.