Hippo
Lord Hippo
Stating its a loan on the transfer is too late. Yer need to set out the agreement on amount and repayment terms ahead of handing over the money. Both sides need to agree in advance to be safe.
Stone56
Well-Known Member
Good luck with that Dan , I had a bad experience as above but to the tune of K 100 but all sorted now or within a month with big dividends...that I need my bumps felt.
I just covered £11k of business debt for my lad as his start-up venture is getting off the ground.
It stings a bit as the little beggar owes me 35 grand now with this added.
But, on the plus side there is potential for this to make us both a lot of money over a 5 year term.
It is my savings, but they were just sitting there earning naff-all anyway.
Morning All.
A cool and overcast day.
Off to hosp with the MIL today.
Told my wife Its the last time I do this as the old gal panics and it puts all 3 of us in danger of a nasty fall, so the job is best left to the patient services at the hospital.
Have a good day.
A cool and overcast day.
Off to hosp with the MIL today.
Told my wife Its the last time I do this as the old gal panics and it puts all 3 of us in danger of a nasty fall, so the job is best left to the patient services at the hospital.
Have a good day.
Stone56
Well-Known Member
Get a straight jacket should helpMorning All.
A cool and overcast day.
Off to hosp with the MIL today.
Told my wife Its the last time I do this as the old gal panics and it puts all 3 of us in danger of a nasty fall, so the job is best left to the patient services at the hospital.
Have a good day.
Really lol-ed at that.
And it is in the garridge which is locked up like Fort Knox.
That is the good stuff.
But there may be a few bits of old stuff which would do the job under the extended porch bit on the front of the house. Don't fink there is 4 though!
Obvs I couldn't see the match, so who won, was it a Chinee? if not whose flag was it?
But she used to do this even as quite a young bat!!He did say she was an auld bat.
I did also know someone else, might have been a kid, who did the same thing, but craftily on a glass coffee table, so he could peek under if he thought he had made a mistake.
You had to make your own entertainment back when I were a kid!
He did tell us about it, something to do with music I seem to remember, maybe not, I'll shut up now until he reminds us. Thort he got an award or summat for it.Ok cool this sounds exciting so fill us in on this new business venture then.
There are promissory notes and other stuff you can do to prove you made the loan. As I said, they can use their house as collateral. But if it all goes fubar, the mortgage company will get any money beyond the money they get when they repo the house and flog it off, at auction or whatever if it doesn't cover the debt owed. this is what happened to my mate.
Some people pay solicitors to draw up agreements, and this can cover repayment terms etc.
