To buy a house..

[Debtworries]

I’ve been with DH 7 years now. We’ve got two boys who are 3 & 4.

When I got pregnant with my first my FIL said he’s got money saved up to give us a deposit (and BIL). I got excited and DH went to the bank to see how much we could borrow. He wasn’t on a great wage then so we could only borrow a small amount, he’s now on a really good wage now and can borrow a lot more.

Things stalled and the mention of the deposit crops up every now and again. FIL mentioned it again recently and said wait until after brexit.

This time DH got really pissed off, he said his dad has been going on about the deposit since before I came along and it’s all talk.

FIL offered us this, we never asked for help so to keep going on about it but nothing to come from it seems quite mean. He keeps saying we need to use it as it’s just sitting in the bank.

DH obviously knows his dad more than I do, and thinks it is just all talk but shall I say we need to start an application for a mortgage and hope FIL realises we are serious?

I think that you need to accept that he is probably never going to give you any money and start saving for your own deposit.

The money saving expert site has advice on mortgages and useful calculators. You could put in a scenario with low deposit (your savings) and screen capture current costs. Show to FIL and explain things will be tight, but you can go ahead if you increase deposit.

I suggest this as faster than going to the bank and leaves no credit checks, but shows you are actively keen to get a mortgage now not in FIL future dream land