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In laws buying a property

Janetedkins01 · 2016-10-26 10:39:02

Hi, I'm sure this will sound very daft but I'm just looking for some help and reassurance! My inlaws offered a sum of £200000 as a deposit on a house if we got a mortgage to buy a property in southeast of England (Kent), we're currently renting a small 2 bedroom maisionette in Kent and paying £950 a month and have been…

Comments

xylophone Posts: 45,752 Forumite

27 October 2016 at 11:35AM

note that you have a debt management plan in place. Depending on its nature and the earlier events leading up to it, this could man that it might be a good idea for your parents in law to keep ownership themselves.

If the in-laws made a loan, they would take a first charge on the property.

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