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Legal, pensions and money

Can’t pay big bill

(14 Posts)
watermeadow Fri 03-Nov-17 19:27:57

I’ve had to pay a lot of money for planning, which I shall get back later. The planners know I probably won’t be able to pay on time and I said that of course I would pay the interest. I hate owing money.
My daughter has offered to lend me enough to pay the fees on time but I’m reluctant in case of some disaster (like me dropping dead) before I can repay her.
Should I borrow from daughter and avoid interest or leave the bill unpaid and pay interest until I can pay the planners in full?

Coolgran65 Fri 03-Nov-17 19:54:39

Depends how much the bill is and how much interest is involved. If probably prefer to let planners wait if they are willing and if the interest is not horrendous. How long would they have to wait.

I also hate owing money however this is a business transaction and odd done this way all the time.

Save you worrying about any disaster.
Heaven forbid a disaster should occur it would be sorted from your estate.

Coolgran65 Fri 03-Nov-17 19:56:23

** is done
** I'd probably prefer

Fennel Sat 04-Nov-17 19:29:00

Would they accept payment in stages?
If I have expensive treatment eg at the dentist they accept post-dated cheques.

Smithy Sun 05-Nov-17 09:56:44

I'd just borrow it from my daughter, not just saying that as I have done it in the past when something unexpected cropped up. Don't think about anything happening to you she would get it back anyway. Good luck try not to worry.

watermeadow Sun 05-Nov-17 18:38:22

Thanks for replies.
It’s £12000, not a dentist-sized bill, and I’ll probably be able to repay it a couple of months late.
I used to deal in tens or, occasionally, hundreds of pounds. Suddenly everybody involved in my land sale is lining up with bills for thousands, all of them plus VAT. It’s so scary!

midgey Sun 05-Nov-17 18:45:32

Think I wouldn’t borrow from my family, better to borrow from a business source.

J52 Sun 05-Nov-17 19:02:09

So your selling land with planning permission?
I’m sure your bank will advance the money on a short term loan, repaid when your valuable land is sold.
Planners round here charge about £250 for domestic PP and £750 for a small commercial enterprise.

JessM Sun 05-Nov-17 21:20:29

If you are talking about private planning consultants it would be very unfair to delay payment. They too have bills to pay.
If you are talking about your local authority, you should also pay up. They are strapped for cash.

You should borrow the money from your daughter. Write her a receipt and get it witnessed and dated by a friend so that she can get repaid from your estate if you drop dead.

grannyactivist Mon 06-Nov-17 00:24:43

I agree with Jess et al. If your daughter can afford it and is willing then yes, borrow from her. Write out a brief contract so that, in the unlikely event you were to shuffle off this mortal coil she has some evidence of the transaction.

grannyactivist Mon 06-Nov-17 01:02:57

These papers expose the difference between what is legal and what is moral. The tax avoidance revealed is apparently (mostly) legal, but highly dubious and immoral in my opinion. However, when the super-rich are also the drivers behind the laws that allow these loopholes then governments need to be challenged. angry

grannyactivist Mon 06-Nov-17 01:03:27

Oops - posted on the wrong thread. blush

petra Mon 06-Nov-17 13:50:30

I'm very confused as to how you can owe money with anything to do with planning.
Our architect wanted the money before any plans were handed over and we had to give him the money for the council planning dept.

watermeadow Mon 06-Nov-17 18:04:54

The planners urged me to go ahead and suggested that I pay them after getting planning permission. They knew I couldn’t pay until the land was sold.
I have little sympathy for the council as I have to accept liability for CIL which is £7000. If I were a developer building 200 houses I doubt I’d be paying at the same rate.