OTHER WAYS TO HELP

Giving cash lump sum

Loaning cash lump sum

Renting out a room

If you can afford to do so and it won’t affect any inheritance tax issues, this can be an easy option.

You can get your savings back, plus interest, within three years.

This means company if you’re living in a big family home. Intergeneration living has really taken off over last few years.

You’re very unlikely to be able to get the money back if you fall on hard times yourself further down the line.

You need to trust grandchildren not to default on the mortgage, or your savings could be at risk.

If you’re used to your own space, think about how you’ll cope with young, lively, perhaps noisy family moving in.