DD on low income topped up a bit with benefits and is living in a rented property. She comfortably pays the rent of approx £600pm. We could afford to give her a deposit for a small house - say around 40%. Could we finance the rest by borrowing against our home? (Don't want to do Equity Release as it sounds dreadful.) Thinking if we borrowed against our own home, DD could afford to pay us rent (for the amount we'd borrowed). Then when we pop our clogs it'd be hers anyway? Anyone know or done similar? As we're 70 I'm guessing they wouldn't lend to us, other than Equity Release schemes?
It's exhausting when she visits - AIBU or is it just me?
Couldn't organise anything - Boris needs to go
Tearing the family apart - freeloading brother