Can I borrow some money?

[Piggy Bank]

Can I borrow some money from my mother?

I have had LPA for many years but have not used it.
In October 2025 told one of her banks I wished to help with her finances due to lack of mental capacity.
I have recently moved some of her money with this bank to a higher interest account & transfered some money in different bank to an ISA I intend to open another ISA for her in the next tax year.

Prior to my Mother's dementia diagnosis she had suggested we borrow some money from her to renovate a property my husband & I own but we were waiting for my husband's inheritance from a relative on his side of the family.

As previous posts my husband has not been able to realise the money he should have inherited years ago & it is now apparent he is not going to receive it.

I would like to borrow approximately £30k - subject to builders quotes. I would anticipate being able to repay the money in 6 - 12 maximum when the property is sold

I am the main benifcariy of my Mother's will & there are sufficient funds to pay the named benifcaries should my Mother'die before I repay the borrowed money.

I assume Ineed a "written contract "??

[HariSeldon]

Can I borrow some money from my mother? I have had LPA for many years but have not used it.

If you are thinking of borrowing money through your Lasting Power of Attorney then no, absolutely not; that's exactly the sort of thing that people get jailed for!

If your mother has the mental capacity to decide for herself to lend you the money that would be one thing but you would need professional medical and legal advice confirming this.

The fundamental obligation you agreed to when setting up the LPA was to always act in your mother's best interest - it's hard to see how your mother lending money to anyone would be in HER best interests, even if it's something she has previously suggested herself. For clarity and to avoid any accusations of wrongdoing you really need to contact the Office of the Public Guardian to discuss this beforehand.

[Piggy Bank]

Thank you
I have been trying to maximise her money by utilising ISA allowances & transferring her money into higher interest rate accountants.I believe I am acting in her best interest by doing so.
The suggestion of borrowing some money did seem to be misusing of the LPA hence the question.