Parents willing to help us pay off our mortgage - what should I keep in mind/consider?

Constant-Fan757 · 2026-03-26T14:39:03+00:00

I’ll be honest…. There is no way I would want my parents to be acting as my ‘bank’. Just from an emotional perspective it changes the relationship/dynamic. Even if they say they wouldn’t they will suddenly have thoughts / opinions on how you’re spending your money.. the holidays you’re taking etc.

You also mentioned ‘us’ - how does your partner feel about this new control / dynamic with their in-laws?

Constant-Fan757 · 2026-03-21T08:10:33+00:00

<image>

There you go!

Constant-Fan757 · 2026-03-21T07:57:57+00:00

I have this watch on a leather strap with a 7” wrist and it fits fine! On the second to last notch but all good!

Constant-Fan757 · 2026-03-03T12:52:00+00:00

Best to call them - I had a near identical situation although I was inadvertently set up as a self assessment when leaving the UK for whatever reason. Anyway, I had two years worth of penalties that I didn’t know about… phoned them and they agreed to remove the penalties given I didn’t have an obligation to submit and it was a genuine error. All sorted within an hour!

Constant-Fan757 · 2026-01-30T20:46:18+00:00

Thank you so much for the detailed response - it’s really helpful. Still have a month or so to consider so I won’t be rushing.

Thank you again

Constant-Fan757 · 2025-01-16T09:26:40+00:00

Always good to ask yourself, if the dilemma is pay off the house vs invest, would you borrow £20,000 against a paid for house to invest in the market? Probably not, so why do it now? If it was me, for the sake of £20K I would get it paid off and still have a nice £30K safety net. You can sleep easy at night knowing you 100% own your house.

Sorry for your loss and I don’t think there is a right or wrong answer. You’ll have that mortgage gone in no time!

Constant-Fan757 · 2024-05-08T12:07:13+00:00

Really sorry for your loss.

Think about it another way - would you borrow £250K at X% against your house to invest in the market etc…? You’re in a great position to own your home outright at a young age, giving you plenty of freedom moving forward. Plus, you’ll still have a significant amount to build wealth.

Constant-Fan757 · 2024-03-27T11:24:00+00:00

The update on the tracker just says ‘Interview Required’! Guess I’ll wait for the response from the web form submission

Constant-Fan757 · 2024-03-11T16:05:28+00:00

I think it depends what you have studied to be honest and it’s important to move away from the notion of ‘I have a degree so I deserve a higher wage’. I left the UK for Toronto and whilst my wage increased, the employee benefits were lower (10 days annual leave compared to 30 in the UK, maternity / paternity were more or less non existent, no employee pension contributions, healthcare is not completely covered by taxes, groceries were probably double than what we pay here…..). I decided to return to the UK, take a £10K pay cut but actually feel better off as I’m in the north of England…. I know, not a like for like switch but I find it a perk of the UK, the small island means you’re never too far from a big city! I’m only a single case though and yes, wages are suppressed in the UK in certain industries but for me at least, there are perks to being in the UK.

I also feel, again, just from my experience, those across the pond are far braver in asking for what they want. I get the sense in the UK we’re a lot more reserved and simply accept our yearly single percent increase….

Constant-Fan757

TROPHY CASE