How can we best help our daughter buy a house? | Money | guardian.co.uk
Q Our daughter and her boyfriend are struggling to get on the housing ladder. She is a newly qualified teacher and can expect to move up the pay scale; he is a graphic designer but is poorly paid and has poor prospects. They have a combined income of about £35,000 and are looking for properties with a maximum cost of £150,000.
We own our own property and are in a good position to help her financially – we could give her £40,000 towards a deposit, could act as a guarantor, and could jointly purchase. We are anxious to help her but want to do so in a way which minimises risk for all of us. I am also wary of any tax implications. I am retiring in two months and will have a pension of about £24,000; my husband is still working and earns £22,000, and will retire in two years with a pension of about £12,000. What should we do?
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