My (21F) in-laws are helping me and my partner (27M) with purchasing our first house by loaning us the deposit. We are very grateful for this. We have a contract and everything that basically promises that we will pay them back. His brother is the lawyer handling the contract and the house papers.
The bank approved our house purchase and our offer went through. We move in before the end of this year.
My in-laws are saying they want 1% of the house? I don’t mind that since they are helping but I don’t understand why they say they are taking 1% in order to help us when the bank has already approved of everything. I said sure but asked how would taking 1% help us. I am genuinely just curious and wondering so I know why. No one can give me a clear answer except that “it helps us.”
EDIT: To add, we are newlyweds and his family are all lawyers.
Submitted November 19, 2020 at 06:26PM by MintMilkCandies https://ift.tt/2UL19OR
