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Bank of Mum and Dad

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  • Crink
    Crink Posts: 5 Forumite
    Thanks AnotherJoe, that's a great suggestion. Regarding your later comment (the daughter gets the appreciation in value) I think that's fair enough since they are at different ages and the younger ones are not ready to buy a house so not in a position to benefit from house price inflation over the timescale available to me!
    :)
  • Rain_Shadow
    Rain_Shadow Posts: 1,798 Forumite
    Crink wrote: »
    Thanks AnotherJoe, that's a great suggestion. Regarding your later comment (the daughter gets the appreciation in value) I think that's fair enough since they are at different ages and the younger ones are not ready to buy a house so not in a position to benefit from house price inflation over the timescale available to me!
    :)


    Difficult question, and feel free not to answer, but are you implying that you know you don't have long left? That may be relevant to any advice given.
    You can pick your friends and you can pick your nose but you can't pick your friend's nose.
  • paddy's_mum
    paddy's_mum Posts: 3,977 Forumite
    I've been Money Tipped!
    Are there other children on the scene who might take great exception to their sister getting what they may see as "preferential treatment". Many a lifelong family rift has come to pass in that way.
  • Crink
    Crink Posts: 5 Forumite
    That's a fair point RainShadow. No, I have recently retired and hope to have at least another 10-20 years if not longer. So I do not believe this materially affects the question. Any urgency is in my desire to help my daughter onto housing ladder.
    Thanks
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