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That is a very good point as interest rates over the last 10 plus years have been very low hence the criteria has been made harder to get a mortgage as less profit in them. Anyone remember when Norman Lamont sang in the bath as interest rates hit 15% The issue now is if they went back to these...

Do you need to declare it ? I just want them to realise they are not getting £xx for nothing at first, would probably tell them no need to re-pay at a milestone in their life, certain Birthday or getting married etc

Thanks, it will end up being a gift with no interest charged

Interesting subject as preferred option is to give each of my two a "long-term loan" to get them on the housing market which will be written off at some point. Are there tax implications to this and if they split up from their partners could the partner be entitled to 50% ?