Disclaimer: we know this is financially stupid, but this is my wife's health we are talking about. Yes we know we didn't make the most financially smart decisions
Situation: We bought a house in December 2014. It's an apartment with no elevator and my wife cannot climb the stairs anymore due to a handicap which came out of nowhere.
Now we have to move and get a new home. Unfortunately the renting prices are rising big time in our city and renting is not a (long term) option. So we would like to buy a new house.
We don't have enough savings to both sell (we will most likely get a debt) and to buy a new house (the banking fees etc.).
We are able to save about €1500 a month and would be able to save enough money in under 6 months, to start the process of buying and selling. Problem is my wife cannot do anything at the moment due to her illness.
Parents can gift money (up to €50.000) to their children (under age of 40) in the Netherlands without paying taxes. Problem is, my parents nor my parents in law have that kind of money at hand.
Would it be possible for our/her parents to lend money from a bank and 'gift' that money to us. If so, what are our best options? We will pay that money back.