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Intentions and reality are very different things. Vacancies and interest rates do not respect the letters afer your name. It's a risk. You and your family have to decide whether the returns are worth it.

Is it legal for parents to lend at a commercial rate of interest to children? Yes. With a difference in tax rates, yes, there is some advantage (though not as much as you think). Lend 100k, interest rate difference of 5k, tax difference of 37% is $1,850 (and that's assuming your mum has <13k...