Hi, not really an answer to your question however, I have personal experience of loaning a family member (my brother) money. Sadly, we have a disagreement on how much should be repaid and how it should be repaid. My advice is to really thing hard about making this loan. The bank is basically saying …we don’t think this is a viable loan…so why should you? I suspect intra-family loans cause more grief than they are worth. If you do go ahead have a solicitor draw up the legal papers. And be prepared for unhappiness.