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Life Interest Trust
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AIUI you only have HSBC that will do sole borrower joint proprietor even they may not like the trust.djbaum said:
No, the trust will own two thirds and I will own a third by way of a mortgage but the trust will consent to my mortgage lender having a first chargegetmore4less said:Are you trying to structure this where you buy the property with a mortgage and a loan from the trust(once the trust property is sold) with that trust taking a second charge?
The second issue is you wanting 100% borrowing for your share that exposes the trust as the debt could grow beyond the nominal share leaving the trust with losses.
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