garth549 wrote: »
This is by far the best advice here. Purchase it yourself, discounted, with the lease extension being part of the contract. You're then only vulnerable to a drop in market value.
zx81 wrote: »
For the reasons given above. Not selling, bankruptcy, loss of value.
JimmyTheWig wrote: »
Not selling - The OP has said they will only proceed if they are able to force a sale if needed.
Bankruptcy - If the loan is secured on the property then the OP will get their money back, surely?
Loss of value - Seems ever-so unlikely to fall below what would be needed.Whether they would be able to force a sale, I have no idea.
chelseablue wrote: »
I wouldn't even lend £80k to my own husband, never mind just a mate :eek:
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