I wouldn't because I've seen these things go south a lot.
I would vehemently advise against going guarantor of course.
If I felt inclined to help, I would loan the money and secure it with a first mortgage. At least you could then sell it and hopefully recoup most of the loan depending on the market.
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14-07-2012 09:10 #21Senior Member
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14-07-2012 09:17 #22
In your position yes. If I was in that position I would do it for my little brother. He sucks with money but is really good at paying people back so I know he would not skip a repayment. I'm not in that position but my house will go to my brother and my mum if anything happens to me.
14-07-2012 09:18 #23
For my sister? Yes, definitely. She's extraordinarily particular about money, and hasn't been out of work since she started working. Her job is extremely secure, and she would never intentionally do anything that could cause me financial problems.
Bad things can happen and you can never predict the future, but for my sister I'd do it. I wouldn't recommend that someone else do it for their family though as I don't know that person. So really it's up to you :/ Not very helpful, huh. Lol.
14-07-2012 12:00 #24
No. My brother has Aspergers but is capable of holding down a job etc.
If my parents were not in a position to help him out we would consider buying a property for him to rent off us for a subsidized rate, but no, I would not buy him a house.
14-07-2012 12:13 #25
14-07-2012 12:17 #26
Yes i would for both my and DH's brother if we were in a position to do so
14-07-2012 12:17 #27
14-07-2012 12:20 #28
But nor would I expect him to do it for me.
Family and money don't mix.
14-07-2012 12:43 #29
No I would not. If something went wrong it could ruin the relationship. I generally think it's unwise to go into those sort of agreements with family or friends, unless you're absolutely rolling in it of course
14-07-2012 12:44 #30
If I was in the position to, then yes, absolutely. but I really think it depends on your relationship with your family for these types of things.
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