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best way to go from here?
strobe_2
Posts: 3 Newbie
i need to raise fnds to pay off a joint mortgage so i can keep the house following a split. redemption figure approx £97k. having looked at several mortgages, i could only borrow £50-£60k on my own.
however my father is prepared to supply the remainder as either gift/loan/investment.
i would appreciate thoughts on the best way to go about this idea?
however my father is prepared to supply the remainder as either gift/loan/investment.
i would appreciate thoughts on the best way to go about this idea?
0
Comments
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1. A gift is always better than a loan.
2. Speak to youir lender regarding changing the mortgage to one name and potential repayment penalties.
3. Make sure her name is removed
4. Your earlier thread is here.
Good luck
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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