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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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:
Notwhatuwanttohear · 20/11/2024 16:19

I think it's madness that you gave up your share in the flat for nothing.

You could have given your share to dn so she would at least have a share in it and spending xx on it would actually mean something.

Loxiro · 20/11/2024 16:22

And what on Earth are they doing with their money if they’re earning well and going to be living rent free but can’t afford to save up for say 3-6 months and pay for the decorations themselves?

Hopefully the boyfriend wont turn into a freeloader because he’s getting to live rent free thanks to his gf, but she’s also the one taking on the financial responsibility of getting a loan - albeit from a family member. to change the house.

I think she needs some lessons on financial responsibility. She’s young but not that young!

Caroparo52 · 20/11/2024 16:24

I agree with your logic.. splash of paint and new accessories willtransform the flat. Waste money to replace new kitchen and floor.

7inchesFromTheMiddaySun · 20/11/2024 16:24

StillAtTheRestaurant · 20/11/2024 16:11

Absolutely not. If she wants to redecorate a recently decorated flat, she can save up and do it herself. If she's not paying rent she can put that money towards it.

Is Sarah's mum on the scene? Is she giving her any advice about this?

Edited

Sarah's mum left my DB when Sarah was a toddler and left Sarah with DB. She sees Sarah very rarely and they don't have a good relationship.

OP posts:
Loxiro · 20/11/2024 16:25

Loxiro · 20/11/2024 16:18

Do you have kids OP? I just wonder it sounds as if as generous as you are your daughter is a bit entitled and I know sometimes “childfree aunties” can be a magnet for this kind of entitled behaviour.

I would never dream of just asking someone for 10K unless I really had to. Her and her boyfriend should focus on saving up for a deposit while they’re fortunate enough to live in your brothers flat.

I meant to say niece not daughter of course 😆

Ellie1015 · 20/11/2024 16:25

She can surely redecorate quite soon without a loan if she is saving on rent/mortgage it is a bit impatient to want a loan to do it immediately.

Agree with pp who said it is giving money to waste which is different to helping get on property ladder .

eatreadsleeprepeat · 20/11/2024 16:27

In this case I wouldn’t, if you lend them £10k for a deposit they will have gained an asset and moved on. If the £10k is spent on doing up a flat they have no right to then it might be money down the drain. And not there for a deposit and replacing a year old kitchen is incredibly bad for the environment.

7inchesFromTheMiddaySun · 20/11/2024 16:29

Thank you, everyone. I think I'll say that given this is not a necessity and that they do like their current flat, they should stay put and save up and then redecorate (if they still want to) DB's flat before moving in. ANd that, as a few of you said, agreeing to lending them money for a deposit on a place, doesn't mean I'm an ATM. A deposit is a completely different type of helping hand than £10K to redecorate a place that doesn't need redecorating in the first place.

OP posts:
Flughafenkoenigin · 20/11/2024 16:30

What on Earth are they doing with their money if they’re earning well and going to be living rent free but can’t afford to save up for say 3-6 months and pay for the decorations themselves?

100% this. She doesn't need you to lend her money. She needs you to talk to her about budgeting, saving and financial responsibility.

WinWhenTheyreSinging · 20/11/2024 16:33

I think I'll say that given this is not a necessity

I wouldn't be couching it like this, it smacks of you just playing God with money when that's really not the point at all. The point is that a) it's daft (and, kindly, rather immature) to replace new stuff for that reason and b) she might as well set fire to the money, because her Dad will be back within 6 months at a stretch anyway. Far better that they stay put.

ntmdino · 20/11/2024 16:37

Ask her this: if she was renting, would she spend £10k to essentially renovate the landlord's house for them?

The answer is obviously "no". So why would she do exactly the same thing here? She doesn't own the place, and her dad's likely to want to put it back how it is when he inevitably comes back.

I'd personally tell her I'd lend her a grand, and if she wants more than that allows for, she's going to have to get creative.

Missionimprobable · 20/11/2024 16:51

I wouldn't, I'd hate to see my money wasted.
Yes, if it was for a deposit but 10k to change a flat because she doesn't like her dad's gf is crazy.
I think she's thought because you offered the money for a deposit the money is available for other purposes

ichifanny · 20/11/2024 17:02

Why does she need to borrow money , she has free housing and no rent or mortgage to pay a house that you already lost out on financially to your brother . She’s chancing her arm .

7inchesFromTheMiddaySun · 20/11/2024 17:12

I do think that she may think that money's no object now so provided she pays it back she can spend it. I just don't get this mindset because I've always been a saver (I do splurge at times but with my money and without going into debt).

OP posts:
unsync · 20/11/2024 17:17

Lending 10k for a deposit is not the same as frittering it away just because she isn't mature enough to deal with her emotions about her father's GF.

RedHelenB · 20/11/2024 17:24

I don't think she should move in, it will always be tge place dad brought gf to. Save that money for a deposit later down the libe

pinkyredrose · 20/11/2024 17:37

She and her boyfriend can use the money they save on rent.

Ponderingwindow · 20/11/2024 17:43

Absolutely not. She may be an adult, but that doesn’t mean you should enable her irresponsible decisions. She needs to learn that even if something in a home is ugly, as long as it is functional, it isn’t worth debt.

Onlyvisiting · 20/11/2024 17:44

No, thats insane.
Gifting money for a deposit is an investment for her and her potential children's future (and I would make it a gift if you can afford it, not a loan) but 10k on renovating or decorating someone else's property is just pissing it up the wall.
If she is skint I'd maybe offer a 1000 or so for paint and some new curtains but that's the limit.

Bollihobs · 20/11/2024 18:14

Well firstly I'd love to hear from the 11% that think you should give her the money....Sarah, is that you?? 😂

But seriously, as everyone has said, it's a ridiculous idea.

And I think you have got your script now for refusing - tell her that, whilst there are never any guarantees in life, if you are able, you will lend her money for a deposit when that time comes, but that's it, other than that it's a pot plant and a packet of biscuits from Auntie! 😁

Womblewife · 20/11/2024 18:17

I would gift her 1k, tell her to get soft furnishings and paint with that and she doesn’t need to pay it back.

BoxOfCats · 20/11/2024 18:21

I think if you lend her the money you won't actually be helping her in the long run. She needs to learn the value of money and how to spend it wisely first, which she won't do if you give her a handout!

SunshineAndFizz · 20/11/2024 18:27

It would be madness to give lend her £10k for that reason.

Teachher a valuable life lesson here.

jannier · 20/11/2024 18:29

No better to put it aside for a deposit should she need one....if she can't afford DIY on somebody else's property she shouldn't do it. ....

SoNiceToComeHomeTo · 20/11/2024 18:33

They would have even more sense of ownership if they saved up to buy paint and decorate it themselves.