Advice re helping family members

amnblog

You have a couple of options here.

Some Lenders will allow you to put your deposit funds into an account with the Bank and will then return them to you after 3 years if your child have paid in full and on time. This may not work in terms of affordability.

Some Lenders will allow you to gift/or loan your child for deposit and put a charge against the property so that in the event of a sale you get paid directly after the Lender.

You won't 'own' any of the property which is good news for everyone.

Thrugelmir

MalMonroe said:

When my daughter graduated the last thing she wanted was property. She said she didn't want to be tied down and felt it would be a millstone around her neck, she wanted freedom, especially after having studied hard for so many years. She wanted and needed a break from responsibility of all kinds. The idea of being tied to a property immediately after graduation filled her with horror. She was born abroad and has dual nationality so when coronavirus permits she wants to go and visit and live in her 'other' country for a while without the encumbrances of home ownership.

You say 'that decision is made' but by whom? Your kids? Is property ownership really what they want?  They must be 21 plus, which means they are adults and should be making their own big decisions in life. It's great when parents want to help their children financially, I do it whenever I can but to buy them properties? No.  

By all means have an opinion. Though respect others. As personal circumstances differ widely.