{"id":8316,"date":"2016-03-17T14:00:04","date_gmt":"2016-03-17T07:00:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-want-to-buy-my-son-a-flat-but-i-dont-want-to-lose-my-money\/"},"modified":"2016-03-17T14:18:08","modified_gmt":"2016-03-17T07:18:08","slug":"i-want-to-buy-my-son-a-flat-but-i-dont-want-to-lose-my-money","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-want-to-buy-my-son-a-flat-but-i-dont-want-to-lose-my-money\/","title":{"rendered":"I want to buy my son a flat, but I don't want to lose my money"},"content":{"rendered":"


\nMy home, which I plan to sell, is also my pension so is there a way to purchase a property for him while protecting my cash?Q My son is stuck paying exorbitant rent and can\u2019t ever see himself getting on the London property ladder. I would like to sell my home and downsize, using the cash I free up to buy my son a flat without a mortgage. He is going to pay me a certain amount each month but, unlike a formal mortgage, the property will be fully owned by him and in his name in order to reduce his inheritance tax bill (assuming I survive seven years, which I intend to do).The thing is, my home is also my pension and I want to know if there is a way to buy him a property while protecting my money. For example, if he were to marry and then get divorced I wouldn\u2019t want the flat to be used as part of his settlement. Is this possible or do I just have to trust him? MG Continue reading…
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\nSource : theguardian.com
\nRead more…I want to buy my son a flat, but I don’t want to lose my money<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My home, which I plan to sell, is also my pension so is there a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8316","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2a8","jetpack-related-posts":[{"id":120834,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-paying-off-the-mortgage-on-my-flat-whats-the-best-way-to-buy-a-house\/","url_meta":{"origin":8316,"position":0},"title":"I\u2019m paying off the mortgage on my flat \u2013 what\u2019s the best way to buy a house?","date":"June 7, 2021","format":false,"excerpt":"\r I\u2019m wondering if I should sell my current property, or try to keep it to bring in rental income Q I bought my flat with a mortgage about six years ago, scraping my way in as a first-time buyer just before any of the government\u2019s help-to-buy schemes were available.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127080,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-sell-my-buy-to-let-flat-or-keep-it\/","url_meta":{"origin":8316,"position":1},"title":"Should I sell my buy-to-let flat or keep it?","date":"June 20, 2022","format":false,"excerpt":"\r It has been a successful rental, but I\u2019ve hardly reduced the loan and I\u2019m worried about remortgagingQ In 2006 I bought a flat on the south coast. 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