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Buying Property for Children???
Comments
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My advice, my mum and dad did the same for me and my brother from when we born, as soon as I hit 18 and got that money, a whole £15k, I blew it.
Cars, London, Alcohol, Clothes.... then my brother did the same.
Now, 8yrs later I wish I hadn't, my parents wish I hadn't. I wish they had left it piling up until I wanted to go to uni or buy my first house etc... not to just squander. Choose the moment carefully, they will really thank you for it then..0 -
You might want to use some of the money for their education and later university.
You can buy property as btl then put in a trust and they get it when you want, say 21 or 25. But you still manage the properties as such.
you need to see a solicitor and a financial adviser.0
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