To help daughter with a mortgage

56 replies

WTDAC · 20/02/2025 22:43

My adult (25) daughter lives with us (mum and dad) and saves £1000 a month by doing so.
She wants to move out to live with her boyfriend (super steady, been together for years, he is lovely, he earns well).
London rent would be approx £1500 a month between them.
If I gave them the money for a deposit (£50k, from an inheritance) they could buy instead and put the £1500 'rent' into a mortgage.
This to me seems a no brainer, but am I missing something?

OP posts:

MyFlightWasAwfulThanksForAsking · 20/02/2025 22:48

They might not want to settle down in a particular area at this stage in their lives. Renting gives them the flexibility to move easily if needed for work etc.
Plus it's best if they try out living together without both being tied to a mortgage, unless the house is going to be in your daughter's name only?

MummaMummaMumma · 20/02/2025 22:48

Nice to see a parent who actually wants to help their child for a change.
As they're only boyfriend and girlfriend at this stage, I would suggest the % you give goes in her name, just incase they split up one day.

RatedDoingMagic · 20/02/2025 22:48

Is it the right time for them to buy?
Sometimes renting is right.
Sometimes london properties lose value or stagnate - if they might want yo move out of london to achieve more space for a family in a few years time they may be better off if they can just give notice to a landlord rather than having the stress of trying to sell.

Yanbu to want to help them but don't assume this is the right time for this help.

neverknowinglyunreasonable · 20/02/2025 22:46

Have you considered giving me the 50k instead?

BigBlueRhino · 20/02/2025 22:46

Yes but if they split up the boyfriend will
Get half of that 50k

showmethegin · 20/02/2025 22:45

If you can afford it why not. Have you got other children? If you can afford to do it equally for all kids you have, I can't see a problem.

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