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Lending money to in-law to purchase their council house
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IMO, your plan has disaster written all over it.0
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I think you'd be mad to do it. In my experience debts to friends and family come at the very bottom of the list of priorities and put a strain on relationships. How do you respond when she mentions in passing that it's been a tight month and she doesn't know how she's going to pay her bills, can't afford to replace her fridge, buy clothes? How will it affect your relationship when she starts to resent paying you hundreds of pounds a month when you have money to spare and she doesn't?
Every time I've lent money to friends and family I've ended up looking (or at least feeling) like the bad guy, and every time I've ended up giving them the money to save the relationship.0 -
Dunno about any of the details, but I do know this: never lend to family.
If you can afford to give it, do so, with good grace and no strings attached.
But do not lend it.There is a high probability of it not ending well.0 -
shortcrust wrote: »I think you'd be mad to do it. In my experience debts to friends and family come at the very bottom of the list of priorities and put a strain on relationships. How do you respond when she mentions in passing that it's been a tight month and she doesn't know how she's going to pay her bills, can't afford to replace her fridge, buy clothes? How will it affect your relationship when she starts to resent paying you hundreds of pounds a month when you have money to spare and she doesn't?
Every time I've lent money to friends and family I've ended up looking (or at least feeling) like the bad guy, and every time I've ended up giving them the money to save the relationship.
Been there, got that T-Shirt!
Everything that is supposed to be in heaven is already here on earth.
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