How do I document a loan made by me to my Mother to assist her in buying a property.?

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Personally, I would use a solicitor. Yes, the fees are a pain, but better a small pain now than a big pain later. Besides, that type of thing is pretty inexpensive here. My in-laws loaned us the cash to purchase our house outright from the mortgage company. I believe the lawyer costs were about $500.00 and the paperwork took less than 30 mins. The lawyer also added in some terms and conditions that the available, recognized online forms did not mention. It gave us protection in case of the death of one or both my husbands parents. The lawyer also thought of things that we missed to help protect the parents, like adding a clause to make sure we keep the property insured. Touches like that make a lawyer very much worth the expense.

How do I document a loan made by me to my Mother to assist her in buying a property.?

I would think that spending a couple hundred pounds with an attorney would be money well spent.

What happens if you do it wrong? Lose all your money to inheritance tax? How much more could that cost?

Just build the cost of the attorney into the loan.

How do I document a loan made by me to my Mother to assist her in buying a property.?

Have a solicitor draw it up. Not doing so is downright foolish. Of course you'll have to use a different solicitor than the one who is doing the conveyancing!

The solicitor's bill will be much less than Inland Revenue's if you muck it up!

How do I document a loan made by me to my Mother to assist her in buying a property.?

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How do I document a loan made by me to my Mother to assist her in buying a property.?

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