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Dilemma: Money lent to relatives for a house deposit but…

Nybster · 2024-08-12 15:42:42

2019 my wife and I were beneficiaries in a friend’s will, not a massive amount but significant. At the same time a cousin and her family were looking to buy the house they were renting, next door to her mum & dad, but were struggling for the deposit. We decided that we should informally lend them the £15,000 they needed.…

Comments

Marvel1 Posts: 7,461 Forumite

17 August 2024 at 4:13PM

oldernonethewiser said:

I know someone who has the potential to be helped out by their prospective Father in Law.

The FiL has put a number of stipulations including type of property and general location.

The wedding, never mind the property purchase may now be in doubt.

My answer would be to put as nicely as possible "Don't bother".

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