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Funding a mortgage
Nick4z
Posts: 1 Newbie
I am about to lend a family member an amount of money in order to purchase a 50% share of a property with another family member. I have looked at on-line mortgage agreements that are generic and can be altered to suit and bought on-line.
Can anybody tell me if this type of deed would be sufficient to safeguard my loan and also if I should put a charge on the property.
Can anybody tell me if this type of deed would be sufficient to safeguard my loan and also if I should put a charge on the property.
0
Comments
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If you want to be safe engage a solicitor.
Without a charge you have little.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Are you seriously even contemplating locking up many tens of thousands of pounds using a form off the internet ?
I spent maybe £200 with a solicitor when I did this, to make sure it was all done properly.0
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