DH and I moved into our first house 6 months ago. Despite a survey giving the all clear, there have been numerous problems that have cost £££, such rewiring entire house, replacing extension roof etc.
Because of this, our carefully hoarded savings are shot. Then, with the recent rains, we made another unpleasant discovery: the exterior render, which looked fine, is apparently a cheapo job and water is leaking into the house. Obviously we need to re-render ASAP. But we just don't have the approx 5k in savings anymore.
So we have to borrow. Besides our mortgage, I have never borrowed in my life and feel quite uncomfortable getting into debt. But I don't see another way, otherwise our house will become seriously damaged.
At Christmas, PIL mentioned that they were lending DH brother and SIL money for home improvements, charging only the interest on their savings account, so they wouldn't lose financially by the loan. They said if we ever wanted money they would do the same for us.
I thanked them but secretly vowed never to. I feel uncomfy borrowing, and don't like introducing money into family relationships. I really like PIL but I'd feel awful being personally beholden like that. With the bank, it is just business.
DH says this is nonsense and the bank will charge us way more interest and we should just take them up on their offer. He says I am paying out money for "an imaginary principle".
AIBU - or stupidly proud?
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AIBU?
To feel uncomfortable borrowing money from PIL?
6 replies
RevoltingPeasant · 05/02/2014 19:05
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