Loan against Equity in House

Loans against equity in the company

Loan my mother against equity in her house - is that possible? Why would the apartment be more valuable in six month from now? Just be outspoken, your mom understands that she's playing her house, and safety against his experiences and handy hand on actual abilities - has he ever done that? So why will you make a gain on an apartment when most others can't (who has experience) at the moment? What is the best way to make a living?

Are you really willing to take a chance on your mother's pension? But if you are earning much more, why can't you lend yourself the cash against the real estate you want to buy? While I appreciate that everyone is doing well and that your mom and dad want to help their children, you also have to put yourself at stake - not just your own mom, and have a "moral obligation" - remember that your house would be in danger.

When the apartment is £120K and you are spending £10K doing it up (juggle as appropriate), your interest, contingent and charges the other will £10K up - so what you really need (assuming you are earning £25K gross between you) is a 4xmortgage (interest only probably) for £100K, then you will need the other £40K - not £140K............

  • while not endangering your mother's house. I would suggest, with charges added in, it may be better to consider that unprotected between the three of you if you are serious - it also keeps the exposure to your mom smaller. - it is possible with the best will in the world let an architect simply force his vision on a regular apartment and make it unsaleable if he is not cautious ( but he will not agree - it is always everyone else who is wrong)...........

Well, good luck, but think hard about the risk to you and your mom......

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