Cash loan to a friend,

davidwood123

Just had a read through this thread.

Calling BS on the whole story

PeacefulWaters

davidwood123 wrote: »

Just had a read through this thread.

Calling BS on the whole story

It did progress rather rapidly.

docmatt

I lent 2 grand to a friend who said whatever happened I would get all of it back in 4 months time.

That was 2 years ago and he still has £300 left to pay me.

gycraig_2

MrBluesky wrote: »

Just a quick update following our meeting with the solicitor.

The solicitor has been in touch with their planning consultant and it has come to light my friends do not have to change their windows or repaint the entire outside of their house.
The front door needs to be repainted,only.
In brief,the windows and house colour are on a list of approved materials/colour which would have been acceptable in this conservation area during the time of alterations.

The Planning enforcement letter they received is also faulty and cannot be enforced for three reasons possibly four.

So they do not have spend £££'s and no longer need my loan.

I have agreed to provide the legal expense to prove the demand they received is out of scope and no further householder action is required,this is now 99% complete and not expected to cost me more than £650
My friend will repay me the above when they sell but i am not that bothered,just happy to help out friends.
The solicitor will do my friends conveyancing when needed and ensures there will be no problems.

Thank you for your replies,well the sensible ones who would help a friend out.

Nice little sarcastic comment to the people trying help you avoid making a school boy error.

It's a story repeated over and over again, I myself loaned a best friend a thousand pound for a car for work.

Friend disappeared along with the money, it's a story as old as time.

The fact you was going to loan someone 16k who can't even afford legal fees under a grand says everything

jonesMUFCforever

''Nice little sarcastic comment to the people trying help you avoid making a school boy error.''

You really should be thanking everybody here who told you not to do it a little bit of sarcasm has saved your bacon whatever or however you look at it.
Looking at it from a buyer's perspective their solicitor might find things not quite so rosy as your solicitor.

al85

MrBluesky wrote: »

Thank you for your replies,well the sensible ones who would help a friend out.

Ask for advice, don't like advice received, post sarcastic response. Cool.

adindas

MrBluesky wrote: »

Thank you for your replies,well the sensible ones who would help a friend out.

MrBluesky wrote: »

Thank you for the advice,
Their property is being sold after renovation (they are moving abroad and have a property abroad). Friend has told me i will get my £18k back plus £6k when they sell although the £6k incentive is attractive,i have now decided to contact a solicitor when back from my holiday.

I think the OP does not really know what he really wants.
Helping friends? Well, the first and the second post seems to be contradictory.

As this is an MSE forum and the intention is to help friend, members of this forum have given sensible answers “to be provided as a gift”.

Doing this he does not loose friendship even if he does not see his money back. Otherwise he would lose both money and friend if the money did not come back.

But it is not uncommon if the people did not get the answer what he wanted to hear, they would response badly sometimes with sarcasm.

Robisere

You are looking at what you might gain.

Your friend is looking at what he will gain, by the way out of his problems that you preseent him with.

This is my last word: do it and you will regret it.