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Should I lend DN money?

108 replies

7inchesFromTheMiddaySun · 20/11/2024 15:20

Some background: I don't get on with my DB, we rarely talk (a couple of times a year) and we see each other once every couple of years. We've never been close and are very different. However over the past few years I've become closer with his DD. Let's call her Sarah. Sarah is now 25, works, and lives with her BF in a rented flat.

My DB owns his flat outright (it was our parents' and I was happy for him to have it when they died as I have my own home and don't need the flat or any money from selling it. DB is in a low-paid job although he's very good at managing his money). He's now decided he's moving in with his GF with whom he's been on and off for 3 - 4 years, in a very volative relationship. My DB has offered his DD, Sarah, the flat, saying she and her BF can move in and make it their own (I don't think he'd put Sarah's name on the deeds though).

Sarah is excited at the idea to move in because it's a nicer flat that where she's renting at the moment (same area). DB recently had the place redone including new flooring, new kitchen, etc. However Sarah hates her dad's GF and wants to change the appearance of the flat so it won't have memories of her when Sarah moves in with her BF. I get that can be a 'trigger' but...

Sarah has asked me to lend her some money to do this: last year, when Sarah was hoping to get a mortgage with her BF to buy a place together, she had asked whether I'd be happy to lend them money for the deposit (I said yes because I can afford to and they are both working so hard, I'd like to 'reward' that. Sarah's never asked me for money before and is also very good at saving, like her dad/my DB). Now that there's no need for me to lend her money for a deposit, she'd like to borrow £10,000 to change the look of the flat.

I've explained that:

  • her dad's relationship is very volatile (he's the kind of person who is best friends/madly in love with someone today, and doesn't want to see them again in a couple of months. He's always been like that. Which is also why our relationship has been so up and down) so he's likely to leave his GF and want to move back into the flat in the next year at the latest
  • it's madness to change the kitchen (which is less than a year old), the flooring throughout (just as new) and the bathroom (ditto) because Sarah's dad's GF used to stay over. I suggested painting the walls and changing accessories. It will have a huge impact on the look and feel of the place.
  • If Sarah really wants the money I will lend it to her but I don't agree with what she wants to do with it. However she's an adult and she needs to make her own decisions. I will (try) not to resent how she spends it.

What would you do? I like that Sarah is growing up 'balanced' and not 'disturbed' like her dad. I like that she's working hard and earning fairly well. That she's in a loving relationship (been with her BF for about 7 - 8 years), etc. I suggested moving into the flat, waiting a year or so to see if her dad doesn't ask to move back in, then redecorate. She said that she just can't move in unless the place looks different.

Should I lend her the money? I could afford not to get it back - that's not the point. My question is whether wanting to 'change' the flat and spending £10K to do it is madness even though she would pay me back so it'd eventually be her money she's spending on it. I work hard so £10K is £10K. I would NOT spend it myself to redecorate my place. But I'm happy to help Sarah. But I'm really torn.

AIBU: you're mad - you shouldn't lend Sarah the money
AINBU: she's an adult. Lend her the money.

OP posts:
7inchesFromTheMiddaySun · 20/11/2024 15:50

Someone voted for me to lend my DN the money - I'd love to hear their take on this if they are reading.

OP posts:
HaudYerWheeshtYaWeeBellend · 20/11/2024 15:50

the money issue is a red herring … what happens when there is a argument between your DB and GF and she throws him out the house, where is your DB going to stay?

AConcernedCitizen · 20/11/2024 15:49

If it was for essential repairs or maintenance that's one thing, but 10k on cosmetics is a very silly way to spend money. If the place was falling to bits I'd understand a bit more, but from what you've said they just want to change it for personal reasons.

That's the kind of thing you can waste your own 10k on, not somebody else's.

7inchesFromTheMiddaySun · 20/11/2024 15:48

Mrsttcno1 · 20/11/2024 15:42

I would say no, and I’d say instead that you’ll give her £X for a house deposit if/when she wants to buy one.

The reality is there’s a huge difference between giving someone money towards a house deposit to help get them on the ladder and giving someone money to waste, which is what this would be really.

And if you’re right about her dad then you could give her the £10k and in a years time she’ll be asking for a deposit for a house again.

I think you're spot on.

OP posts:
DownThePubWithStevieNicks · 20/11/2024 15:47

It’s incredibly wasteful, if the kitchen and flooring are less than a year old. I’d refuse on that basis (and bite my tongue about her being a ridiculous brat).

Gothamcity · 20/11/2024 15:47

Tell her no, you'd rather save the money for when he wants to buy her own place, and to view her dads flat as a stop gap, so she can save herself also, and ultimately get her own property at some point. If she was renting somewhere the traditional way, she wouldn't be able to move in and rip out kitchens, bathrooms, flooring, etc and would potentially have to live in somewhere nowhere near as nice as the recently newly furnished flat sounds, and have to put up with the landlords decor. She's coming across very entitled tbh. And our brother would probably be annoyed if she started ripping out things that have probably cost him alot of money, to replace with others that he may not like. Ultimately it is his (and legally, yours as well? Unsure) but she can't be changing it all herself when it doesn't warrant doing.

usernamesareharddamnit · 20/11/2024 15:46

Absolutely not. This is in no way the same as giving her money towards a deposit.

ClickClickety · 20/11/2024 15:44

Say no. You won't get the money back and she'll probably overspend and ask for more. Tell her that when she buys you will help her then.

You could give her a gift card for John Lewis so she can get some furnishings.

RandomMess · 20/11/2024 15:44

I too would say no and that money is a lot of money to you and it's earmarked to help her buy a home or similar investment.

Radyward · 20/11/2024 15:43

Dine with friends and do business with strangers.
That's my new favourite saying.
Because you can well afford to ( In Her eyes) she won't rush to pay it back. Don't do it

Mrsttcno1 · 20/11/2024 15:42

I would say no, and I’d say instead that you’ll give her £X for a house deposit if/when she wants to buy one.

The reality is there’s a huge difference between giving someone money towards a house deposit to help get them on the ladder and giving someone money to waste, which is what this would be really.

And if you’re right about her dad then you could give her the £10k and in a years time she’ll be asking for a deposit for a house again.

Bonbon21 · 20/11/2024 15:41

Crazy to lend/spend that kind of money in that situation.
But you could encourage her to get a proper tenants agreement and even pay a nominal rent to her father to safeguard her rights. If he is as volatile as you suggest she needs to look after herself before she worries anout the colour of the walls!!

7inchesFromTheMiddaySun · 20/11/2024 15:40

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This has been deleted by MNHQ for breaking our Talk Guidelines.

That wasn't me but I guess it shows I'm not alone in this position then!

OP posts:
CandidEagle · 20/11/2024 15:39

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Pivotting · 20/11/2024 15:38

No if she wants to change the kitchen etc then they need to pay for it themselves. New kitchens, bathrooms etc are a luxury rather than a necessity.. although social media has made everyone think otherwise.

You could offer to pay for furniture if you wanted to help? Or just hold off 5/10 years until they are moving into their ‘forever home’.

7inchesFromTheMiddaySun · 20/11/2024 15:38

This reply has been deleted

This has been deleted by MNHQ for breaking our Talk Guidelines.

That wasn't me - I never posted about this before...

OP posts:
7inchesFromTheMiddaySun · 20/11/2024 15:38

My other point is that the flat Sarah is in now, is OK, fairly new. So I do feel she's really doing it because she thinks she can. Most people would be happy to just be rent-free. But because she's earning well (and so is her BF) that's not their main thought. Moving into a nicer flat and making it just how they like it it seems, is.

I'm just not sure how to tell her that I don't want to lend her the money because her plans for it are madness. She's maybe too young to realise that - she's earning well and it seems she doesn't realise that if you are earning well you should maybe save/get a pension, rather than spend money unnecessarily. But then some people may look at me and think 'they're young and you're a killjoy'

OP posts:
themonkeysnuts · 20/11/2024 15:37

neither a borrower or lender be
it will just cause hassle

Astrak · 20/11/2024 15:36

No. Don't do it, for all the eminently sensible reasons given above.

Babbitbaddit · 20/11/2024 15:36

That’s a huge amount of money to spend on a property she has no rights to, and that her dad can kick her out with no notice and her dad will benefit from that work. She needs to know that it’s a silly idea.

Itiswhysofew · 20/11/2024 15:35

I think it would be best for her to continue buying her own property, which you were happy to lend her the deposit for.

I don't think it makes sense to spend that much money on place that isn't even hers, and she may bot even be living in sooner than she imagines, considering DB's track record.

CandidEagle · 20/11/2024 15:35

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CandidEagle · 20/11/2024 15:34

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Fireworknight · 20/11/2024 15:33

No, it’s not essential. If she wants to change the kitchen, she needs to save up. That’s part and parcel of having a place.

amiold · 20/11/2024 15:32

So essentially you'd be putting 10k into a flat you let your brother have, even though you don't get on. She may pay back or you may lose it (which you can afford to). But the person who really benefits here is your brother who could be back in a month from his volatile situation with his gf (who niece doesn't like).

Absolutely not. Tell her to keep saving.