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Using gifted money as deposit

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Comments

  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture Hung up my suit! Combo Breaker First Post
    leespot wrote: »
    What we would like to happen is that should my girlfriend die, her share passes to me to look after for the little one.

    What would her father and paternal grandparents say to that?
    Free the dunston one next time too.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Photogenic First Anniversary Name Dropper 10 Posts
    leespot wrote: »
    Hi, Yes mortgaged but approx 25k equity based on recent valuations.

    Then may form part of the affordability calculation, i.e. your ability to service 2 mortgages if need be.
  • leespot
    leespot Posts: 554 Forumite
    edited 7 June 2014 at 12:45PM
    kidmugsy wrote: »
    What would her father and paternal grandparents say to that?

    Hi. He would not be suitable to look after her trust. There is only my girlfriends mother to consider and she agrees with us.
  • leespot
    leespot Posts: 554 Forumite
    Thrugelmir wrote: »
    Then may form part of the affordability calculation, i.e. your ability to service 2 mortgages if need be.

    Thanks for info. Servicing two mortgages would be affordable. We have the mortgage offer in principal for the second property.
  • Mojisola
    Mojisola Posts: 35,562 Forumite
    First Post First Anniversary Name Dropper
    leespot wrote: »
    It has nothing to do with her father - he would not be suitable to look after her trust. There is only my girlfriends mother to consider and she agrees with us.

    If one parent dies, the other parent will have a right to look after her. Unless you can prove to Social Services that he would be an unfit father, he would have a greater right than you, an unrelated person, would have.

    You should look into getting parental responsibility if the father really isn't a fit person to care for a child.
  • leespot
    leespot Posts: 554 Forumite
    Mojisola wrote: »
    If one parent dies, the other parent will have a right to look after her. Unless you can prove to Social Services that he would be an unfit father, he would have a greater right than you, an unrelated person, would have.

    You should look into getting parental responsibility if the father really isn't a fit person to care for a child.

    Hi. We realise that if she dies then he would be given more rights than I would with regards to her future in terms of who she would live with. There is a legal case going on at the moment with regards to that.

    In terms of future finances and the little ones inheritance then he would never be in a position to manage that in a way that we would be happy with. My girlfriends family have requested that her inheritance be protected from him in the best way possible.
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