We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
IFA or solicitor
cacique
Posts: 20 Forumite
I originally posted this on the Pensions forum but I think it may be more appropriate to this one!
I am 60 years old and intend to work till at least 65. For various reasons I still have an interest only mortgage ( about a quarter of the value of the house) which will be paid off when I sell the house and downsize which I intend to do in about 2 or 3 years.
I have 3 grown up children. One owns a flat, my daughter will be getting married soon and buying a house with her husband, but my other son (single and self employed) is renting a flat in London and I'm afraid, without some help from me now, will miss the boat altogether! I want to find out if there is any way I can help him onto the housing ladder, at the same time, being fair to the other two as far as inheritance goes.
My question is really, where do I go for advice? A Financial Advisor or a Solicitor?
I am 60 years old and intend to work till at least 65. For various reasons I still have an interest only mortgage ( about a quarter of the value of the house) which will be paid off when I sell the house and downsize which I intend to do in about 2 or 3 years.I have 3 grown up children. One owns a flat, my daughter will be getting married soon and buying a house with her husband, but my other son (single and self employed) is renting a flat in London and I'm afraid, without some help from me now, will miss the boat altogether! I want to find out if there is any way I can help him onto the housing ladder, at the same time, being fair to the other two as far as inheritance goes.
My question is really, where do I go for advice? A Financial Advisor or a Solicitor?
0
Comments
-
FA. Unless you intend robbing a bank to get the help in which case Solicitor ;-)0
-
Does he want help? Or are you assuming?
Maybe he's happy renting.
Right now you are financially secure. If he's happy, why start jiggering it all about?
I'm sure you've got years left in you!
He might meet a lovely rich man/woman who already has a place.
And what if you helped him - and then you saw him with what you thought was a "gold digger"?
Unless he's begging for help and the other 2 agree - and if you've not been talked into it - I'd probably not worry about it for now0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards