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Paying parents debts...
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I wouldn't recommend getting a loan, the main reason being the one that has been mentioned, if something was to happen to your parents you'd still have £17,000. What if your circumstances changed too? That is an awful lot of money.
The debt would just keep getting passed down and down between generations, better to keep it where it is.Current Debt:
Mortgage
31/12/12 - £78,075.68, 31/12/13 - £76,149.82
01/02/15 - £66,356.11 :j , 01/07/15 - £39,900 (woooooooooo)
Target mortgage free date: 1st May 2019. Funds to pay it by December 2017 (but would have to pay tax back on some shares).0
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