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.
📨 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!
Gifting to my son
Comments
-
But there are lots of things that can happen to impact on your son’s financial stability that are completely beyond his control.HousingA said:I trust my son1 -
The worry I’d have here is the house is transferred to son - Son gets married - Has children - Gets divorce and his ex and children get to stay in the house and you and him are kicked out. Ive seen ex wives behave despicably in divorces. To me that risk trumps all others and I would not do it myself0
-
HousingA said:The reason why I am gifting him the property is so he can get a new mortgage against the houseIs that just to get his £20,000 back, or is the intention to raise a larger mortgage for some other purpose?I know it seems like a lot of questions, but as others have said, this path is not normal a good one to go down without some very good reasons and can lead to very unfortunate unintended consequences, so for example it would be good to know that you were taking professional advice and are not just talking about this with us and your son...
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards