How to Safely Lend Money to Children for Property Purchases: Gary Bunce on Muddy Stilettos
How to Safely Lend Money to Children for Property Purchases: Gary Bunce on Muddy Stilettos
IBB’s Gary Bunce, Head of Residential Property shares expert insights on UK parents lending money to children for property purchases in his latest feature on Muddy Stilettos.
In this article, Gary unpacks the importance of formalising arrangements with loan agreements, the potential tax implications, and the protection of contributions – particularly during relationship breakdowns. Read on to gain valuable knowledge to avoid future disputes and ensure smooth property transactions.