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loans secured on property
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locky77
Posts: 1 Newbie
in Credit cards
Hi Moneysavers
Could someone give advice relating to this problem I have secured legal charge of 45% equity in a family home and would like to borrow against my percentage would a bank or institution advance a loan on that basis?
Could someone give advice relating to this problem I have secured legal charge of 45% equity in a family home and would like to borrow against my percentage would a bank or institution advance a loan on that basis?
0
Comments
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Unlikely. As would be extremely difficult to enforce the debt.0
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I agree. If you default how would they get the money back?0
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