I will be made redundant by the end of the year, getting £9,000. I would like to invest this to help out my sister to buy her first property. She and her fiancé have £20,000 of their own deposit and looking to buy a house that cost £260,000, and we have no idea how to calculate my investment in this matter; we love each other very much and we are best friends, so neither of us wants to do something wrong to one another. We just want to be fair to each other.
We are considering the options, but at the moment it would be like this:
I would contribute this money to the deposit, but wouldn’t pay anything else-more, and so I want to know, if they do the house up, and it increases in value, how does my share get worked out if I want it out in about l0 years?
Thank you so much, obviously we do not have much money for solicitors / lawyers, and we don’t really really need them, but want to be fair to each other above everything else.