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Don't know how to tell friend I got some financial help to buy first home?

130 replies

Lizzie523 · 30/08/2021 22:55

I'm in my late 20s & come from a working class background so I had a fairly modest upbringing. When my grandad died, he left a lot of money behind to the shock of us all - and that money mainly came from the payout he received from a historic child abuse case which affected him so badly that he was unable to have a proper relationship with me or anyone else. Following this my parents decided they wanted to help me buy my first flat with this money.

I resisted at first because I felt a lot of emotions surrounding the money and because I've never taken money from them since I left home but they reframed it as giving me part of my inheritance now to get set up rather than struggle for years. In the end I accepted their generosity & although I used my savings too, I bought the bulk of the flat with the gifted money.

My friend comes from a wealthy family & she went to private school. She now lives in quite a poor place & lives between paychecks. She has said a number of times that she thinks it isn't right for people to accept money from their parents as 'what's the point if you haven't worked for it yourself'. But also recognises she and her partner won't be able to afford a place for many years.

I feel so, so awkward about this situation. Partly because I believe she is right and I feel some guilt over the gifted money. But also because this is my life & I want to be honest. How should I approach it? We're going on a trip soon so it would be a good time...

OP posts:
LegendaryReady · 31/08/2021 10:35

I don't understand why you'd even consider telling her or anyone else. Finances should be private. My very working class DGM used to say it was common to talk about money!

I don't tell (or ask) anyone what a dress cost. I'm certainly not going to tell anyone how I paid for my house.

DerAlteMann · 31/08/2021 10:57

You have no problem or anything to be ashamed of. OK I'm prejudiced as our DD & SIL got cash from both sets of parents to help buy their place. Your friend however sounds like she needs to talk to someone about her money issues.

shinynewapple21 · 31/08/2021 13:47

Your friend has already benefitted from her family money by going to a private school . And I wouldn't bet on her not changing her mind if her family were to offer her a deposit on a house in years to come . If she's funny with you I don't think she's a real friend . You already have differences in your background due to her coming from a wealthier background. Have you refused to be friends with her because she attended private school? No of course not .

Congressdingo · 31/08/2021 16:18

@scarpa

In fact for free you can sign up to an email alert with the land registry to show any legal movements on up to 10 properties. I've done this and have my house, my mothers house and my partners house on it.

@Congressdingo - surely you'd know if there were legal movements on your own house? And presumably your mum and partner would mention if theirs were being sold...?

Well mortgages are paid off or soon to be paid off. There was a few reports of mortgages being taken out on houses like mine when the people had no connection to it. Or committing mortgage fraud. And then the land registry offered this email alert so I signed up. I suppose it will flag up sooner that something is wrong and someone is attempting to gain by remortgaging my house. It can all be sorted out but I bet its bloody stressful and usually you would have no idea. It's not like you look up your own house on the land registry often to see if theres a new mortgage on it?
CheekyHobson · 31/08/2021 19:11

But if she brings up this viewpoint AGAIN, I feel like I'll need to say something no?

Well, telling her would clear the air for you at least. I mean, if she says it again, you could gently say to her, "Hey, you've mentioned this to me a few times so it seems like a big deal but I'm not sure why you keep bringing it up. Is something going on?" Then she has a chance to talk about whatever's on her mind.

Of course, she could just say, "No reason, it just really bothers me." In that case, you could say, "Well, I'm sorry to hear that as to be honest, I've recently bought a house and used some money that my grandfather left to me for the deposit. I don't feel the same way as you, I feel that he left me the money because he wanted it to give me security in life and I'm massively grateful for that. It's not that I'm not going to have to work hard to keep the mortgage paid, but I do realise he's given me a very great gift."

Then it's said. You're not required to defend your decision to her. And in fact, if she gets arsey and tries to make you, it's a pretty good sign that she's got some issues that she's projecting onto you instead of dealing with herself.

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