Loan against property collateral

Sambolina

My mum is going to take a loan out against her (paid for) property in order to help my partner and I get on the housing ladder ie give us a deposit of around £50K. Who is offering the best deals for this sort of loan?

chalkie99

A 50k deposit? Which royal residence are you hoping to buy?

Seriously, how will she pay the loan back - how old is she, what is her income?

If the answer is that you are getting a mortgage and will also repay her loan then that isn't going to work for you as your lenders will want proof of where your deposit came from.

Tixy

Is this a gift or a loan to you?

Assuming its a gift ss she employed/earning? How long does she want to take the loan over / how much can she afford to repay a month?

Assuming she is earning at a sufficient level and likely to continue to do so for the duration of the loan then a regular high street/mainstream mortgage is likely to be most suitable.