Or perhaps more likely, you do something that annoys your missus and her parents?.Your partner does something to annoy her parents
Thanks for all the food for though, it has put many questions and doubts in my head.
My wife and I have children and it is her parents that offer the help, we didn't ask.
One thing is for sure there needs to be a lot of trust between both parties, to be perfectly honest I am not sure it is there, they are the one that insisted on drawing up an agreement, and now in hindsight it does seem like a controlling move on their part.
I'm not sure about this at all.
What is the benefit in this approach for you?How about they pay for the house we take ownership, we also sign an agreement to repay the loan, does that sound simpler / cleaner?
The simplest solution has already been stated. You just take out a regular repayment mortgage and if your wife's folks really want to help they can just gift the 40k to her and let her pay it off the mortgage. Risk to everyone is low.How about they pay for the house we take ownership, we also sign an agreement to repay the loan, does that sound simpler / cleaner?
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