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Parent Mortgage bank

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jolizzie
jolizzie Posts: 29 Forumite
Part of the Furniture 10 Posts Combo Breaker
edited 28 February 2013 at 9:18PM in Mortgages & endowments
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Comments

  • kingstreet
    kingstreet Posts: 39,256 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You can lend them whatever you want and at a rate agreed between you. You can take a charge over the property if you want security, but it would rank as a second charge, behind their mortgage lender.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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