Lending daughter money....

[Scrag Meister]

Are the mortgage company aware of the deal? Have they included the £25K debt to you in the calculation of how much to lend? Presumably that's not the case in most of these situations.

I am happy with affordability as the total repayments for the Mortgage, the loan from me and the building and contents insurance premiums is the same as the rent they pay now.

@NLUK : My thoughts exactly, tulip I've lost 10k already.

[geoffreywhereveryoumaybe]

Try the Barclays Family Springboard Mortgage

... granted Barclays aren't everybodys cup of tea.

[Fandango]

Gifting them £25k will also require them to take out an additional indemnity policy which costs about £200

basically it's to cover the bank incase you go bankrupt within 2 years because the trustee can claim that £25k back

[IR35FanClub]

... granted Barclays aren't everybodys cup of tea.

Saved me googling... i remembered an ad the other day where they were talking about this type of arrangement, (the one where the daughter keeps taking money off dad). Couldnt rememeber which bank though. lol.