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Legal, pensions and money

Lending/gifting money to children

(30 Posts)
Nelli123 Thu 03-Sept-26 14:54:04

Having just returned from a visit to my daughter, I'm still reeling from what my son-in-law suggested to me. My partner and I are in our mid-60s, have a mortgage-free home and we're on a very low income although we do have savings. My son-in-law picked me up from the airport and we were chatting about things, and the subject came to house buying. Now, 2 years ago my daughter and her husband bought a house and are seemingly happy with it. However, as their 2 sons are currently starting school, they would love to move a bit closer to the school. They're not far as it is at the moment in any case. All of a sudden my son-in-law said to me that me and my partner could sell our house and give my daughter (she's my daughter but my partner is not her Dad) advance inheritance, and then get a rented flat or house ourselves. Or alternatively, we could get a mortgage against our house (it's mortgage-free now) and lend them the money. I was so gobsmacked that I couldn't even say anything, it was so outrageous! My daughter has not mentioned this to me, but she's been dropping hints about house buying. I just feel completely shocked, disappointed and sad. Just to add, me and my partner met up in our 40s, and bought the house mainly using my partner's assets as he sold his own flat when we moved in together. Has anyone else been in a similar situation and how did you cope?

Georgesgran Thu 03-Sept-26 18:46:51

I don’t think cheek, even bare-faced comes close! I’m sorry you’re upset and probably now trying to understand what they see you as - an open purse?
I’d think seriously about giving your daughter PoAs at some point.

Think of yourself, try to put this in its box and continue to recover.

David49 Thu 03-Sept-26 18:23:08

No way would ever give up my "home" and investments and nobody else should either.

Other investments or property that are likely to attract IHT it's your choice, many do give away extra wealth but not the home.

MissAdventure Thu 03-Sept-26 17:32:52

Itsa shame they don't spend time working out their own finances instead of yours.

You really do need to firmly tell them no, so they're left in no doubt that there's no more discussions to be had.

Hearing that you're just getting over cancer makes it all the more insensitive and greedy, to say the least.

MollyNew Thu 03-Sept-26 17:28:45

What a *** cheek!

My reply would be "what makes you think that our assets should now become your assets? And by the way, thanks for enquiring about my health!!"

Tenko Thu 03-Sept-26 17:25:39

Please say no and keep saying no. I assume your sil wants you to gift your house to them , which could cause issues with hmrc and SS if you need help with care when you’re older as it’s deprivation of assets .
Plus if your DP contributed to the mortgage, and is on the deeds he’d have to agree to it.
As for the other GP helping out , that’s not your concern.

Astitchintime Thu 03-Sept-26 17:15:57

Nelli123

Another aspect to this is that I've only recently recovered from breast cancer and this was the first time I saw them after completing my treatment as I was too tired to travel or have them over as a family. And this is the welcome I got!

Oh Nelli, what rubbish timing on his part! 💐

Shelflife Thu 03-Sept-26 17:09:36

How dare he!

Pigma Thu 03-Sept-26 16:52:26

Tell them (him?) you are leaving everything to the Donkey Sanctuary so not to have any expectations now or in the future.
Surely your daughter should have been a party to this conversation as well or was he testing the waters?
As they say on mumsnet, no is a complete sentence.

Sarnia Thu 03-Sept-26 16:46:01

mokryna

If they live in France, the law is that, if their parents do not have enough money for food, housing or health care they and their siblings have to pay, according to their income. The government will take it from the source.
If the subject ever comes up again, ask them if they are ready to pay for all your needs.

Tell AB. That will sort his social care problem out.

Sarnia Thu 03-Sept-26 16:44:11

The cheek of it!
I would not be getting into more debt at your age. If they want to move they must work out how much of their own money they will have as a deposit on the next one. If that means downsizing a little or buying a do-er upper, so be it.
It sounds like they have been discussing this as your daughter keeps mentioning house moves.
I would put the kibosh on it straight away. If you don't then they will assume there is a chance. It will cause more unpleasantness if they think you will agree and then be told, no.

TerriBull Thu 03-Sept-26 16:37:46

No wonder you were gobsmaked, I'm sorry you had such a conversation at a time when you've just recovered from breast cancer. Honestly! Outrageous cheek, bad enough from your child but their partner, grabby and grasping doesn't even begin to describe it. I'd have his card marked as to how I'd frame any inheritance.

Aveline Thu 03-Sept-26 16:25:20

That's very interesting mockryna

Nelli123 Thu 03-Sept-26 16:11:52

Another aspect to this is that I've only recently recovered from breast cancer and this was the first time I saw them after completing my treatment as I was too tired to travel or have them over as a family. And this is the welcome I got!

NotSpaghetti Thu 03-Sept-26 16:11:05

It sounds to me that they have been discussing this.

Astitchintime Thu 03-Sept-26 16:09:45

I can just imagine the conversation between them before he left for the airport…..

karmalady Thu 03-Sept-26 16:02:52

Knock that on the head straight away.

I would not trust them at all now, make sure they cannot access your property or paperwork. They have no respect for you or for your partner

mokryna Thu 03-Sept-26 15:58:36

If they live in France, the law is that, if their parents do not have enough money for food, housing or health care they and their siblings have to pay, according to their income. The government will take it from the source.
If the subject ever comes up again, ask them if they are ready to pay for all your needs.

pably15 Thu 03-Sept-26 15:48:50

You are mortgage free, and he had the cheek to suggest that you remortgage, or sell your house and give them the money
Tell him that at your time of life, both you and your partner intend to enjoy life, with what savings you have ,and have no intention of remortgaging you house, those days are behind you. when someone has the nerve to suggest that, then don't be afraid to say exactly what you think..

rafichagran Thu 03-Sept-26 15:47:09

Abdolutly not. I would say no with no excuses. Mumsnet would have another name for this pair.
Honestly does your lson in law have no shame? They are too entitled.

NotSpaghetti Thu 03-Sept-26 15:34:02

You are thinking of disposal of assets.

I hope you are just wanting to express your feelings here a bit and not seriously looking at renting (or whatever) when they are perfectly fine as they are?
What the other grandparents do is irrelevant.

mokryna Thu 03-Sept-26 15:30:21

One daughter thinks I should, jokingly (?) give her some of my savings. She already has had an advance on her inheritance to pay the tax when buying their big house. They are comfortably off. I didn’t reply but it does hurt. Fortunately, her sisters don’t ask for anything.
Yours take the biscuit Nelli123.

Nelli123 Thu 03-Sept-26 15:26:02

I should also add that they got a lot of help from his parents in getting a mortgage for the current house they have. Maybe he thinks it's now our turn to help out as they've exhausted that source. Also, they live in the EU so not even in this country, which muddies waters even further. I read somewhere that if you gift your financial assets it may be a problem if and when you need care assistance, as any previous house ownership is taken into account in calculating the payments.

JenniRen Thu 03-Sept-26 15:17:50

Tell him you're going skiing.
(Spending the Kids' Inheritance.)

"They are being cheekywhatsits"
They certainly are, or is it just him, the cheeky b****r?

Plevey08 Thu 03-Sept-26 15:15:43

Wow... cheeky! I agree with NotSpaghetti. Knock it on the head straight away.

KGee Thu 03-Sept-26 15:13:01

What a cheek he has asking you to either sell your house and rent or take a mortgage to give them the money! Of course the answer is a definite no and don’t feel you have to justify it. They already own a house and if they can’t afford a more expensive one they should be content with the house they have. Don’t make a big deal of it just say no.