Bank of Mum and Dad – Loan or Gift Consequences

Recorded on: 10/03/2020


Aim:

To discuss the fact that the Bank of Mum & Dad is the UK’s 10th largest lender and consider the advice clients need before embarking upon helping their children onto the property ladder

Outcome:

Practitioners will be able to discuss the practicalities with their clients

Agenda:

Introduction

  • The importance of putting the arrangement into writing
  • Tax considerations
  • Asset protection

Options

  • Buying a second property in parents’ names
  • Purchasing a property jointly with their child
  • Taking on responsibility for third-party mortgage repayments
  • Gifting the child the funds to buy the property in their own name
  • Lending funds to the child to purchase the property
  • Using a trust to purchase the property

Price


Non members:  £159.00

Members:  £115.00

Sole practitioner:  £80.00

All prices ex-VAT

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01904 635 444 webinars@legalfutures.co.uk
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