Family Loan - Gone Wrong please help

Credit-Crunched

marshallka wrote: »

I was not finacially advising.... I was saying an option.... I am not a financial advisor....:rolleyes:

I know you are not a financial advisor, but you really need to understand that people come on here and look for such advice. Looking at your post count you obviously have a large input, therefore they may well take your recommendations on board.

I was merely trying to point out that any suggestion to secure and unsecured debt onto a mortgage in the current climate is financial suicide.

i) Mortgage payments go up
ii) Equity in property goes down
iii) Any MPPI/IP policies would also go up with increased mortgage payments
iv) When time of RM comes around, a much larger amount of loan needds to be secured, thsi may not be possible with equity/income issues.

Really not ahving a dig, just think sometimes you need to realise that people who post on here really do listen to what is suggested.

barclaysguy

I think you should see a relationship advisor. its your mum!

Damocell

barclaysguy wrote: »

I think you should see a relationship advisor. its your mum!

Whats exactly does that have to do with the question I asked??

You do not know what has happened or why we have fallen out. That comment is not appreciated.

Anymore helpful advice will be appreciated.

Damo