We currently rent a flat which we desperately need to get out of for various reasons, with the lease up in March.
About the time we decided that we would move out of this place my GF was told she had some shares in a family members company, would she like to sell them for about £20-25K.
This seemed like the perfect solution to our problems because it provided enough money for a deposit on a house, so we began to make plans based around that. Sadly a few months down the line the deal appears to have fallen through, after getting our hopes up this has really hit us hard.
At this point the GFs dad steps in and has offered to lend us £25K, which initially sounds like a really good offer. My problem is I really don't like the idea of borrowing it from him - I can't see how we can afford to pay the mortgage and pay this debt back. This has caused a bit of friction with the GF because she wants to take the money.
Would you take it?
About the time we decided that we would move out of this place my GF was told she had some shares in a family members company, would she like to sell them for about £20-25K.
This seemed like the perfect solution to our problems because it provided enough money for a deposit on a house, so we began to make plans based around that. Sadly a few months down the line the deal appears to have fallen through, after getting our hopes up this has really hit us hard.
At this point the GFs dad steps in and has offered to lend us £25K, which initially sounds like a really good offer. My problem is I really don't like the idea of borrowing it from him - I can't see how we can afford to pay the mortgage and pay this debt back. This has caused a bit of friction with the GF because she wants to take the money.
Would you take it?