Mums partner 6 yrs want's her to lend him all her life saving for a loan to buy larger house she won't be on deed for.

[Moniworries]

I'm worried even though on paper it's a short term loan to enable him to buy a house now until the current one is sold.

She's worried but she also trusts him.
They have been together for 6 years and to be fair he's a nice guy, he's got two adult DC and mum has two as well. They share one DC my brother

She lives in his house now but it's quite small he wants to buy a slightly larger house for family to visit and he will be a grandfather soon

They live quite rurally so harder for family to visit.

I'm concerned because he won't marry her he said it's too complicated with his adult children and also work shares and a family trust,he won't put her on the deeds.
He's never shared a Will even but has said brother will be looked after .

Mums put up with this because she's still got her divorce money ring fenced in case of problems which is about 250. That's her fail safe and she's been comfortable with her situation living in a nicer house than she could afford with that money for her should something happen

Technically he would be borrowing this money only on a short loan but she's worried as am I,what if something random happens to him in that time?

How could she get it back and what if it gets lost in complicated trusts?

What was your mum’s decision @Moniworries?

I've said this many times. You can't mix money & friendship. It seldom works out well.

A resounding Nooooooooooooo! Absolutely NOT!

@rubyslippers

i absolutely agree with rubyslippers

if I was your Mum I’d take my money and set up on my own and buy my own place!

This is why bridging loans from banks were invented!

Absolutely no way should she do this.

Also, if she’s not on the deeds and not married I’d he leaves his assets to his adult children, when he dies she will be homeless. This could be years away, when your DB has grown up and left home, or it could be any time. Your mum will still be homeless unless he’s made provision for her to stay in the house for life - surely if he’d done that, he’d be transparent about a will and its contents.

If he doesn’t think her good enough to marry or put on the deeds, she certainly shouldn’t even consider bank rolling him. What an arsehole. Please encourage her to take legal advice and protect her money.

Her choice but u hear it all the time these people throwing every penny at a partner then crying victim when the money runs out the partner after it