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Private mortgage,

1 reply

waggledancer · 31/01/2006 15:56

Posted here a couple of weeks ago re buying my parent's house and received some sound advice. Have had house valued, survey is in hand and conveyancing is being organised.

My dad has offered to loan us the money instead of us organising a mortgage. As this would be at very low interest it is tempting. But I am worried about legal implications. Can and should our conveyancing solicitor handle this as well? I am one of 3 siblings and am concerned this could cause problems if anything happened to my parents during the loan term, or my dh and I split etc. Any advice appreciated

OP posts:
LIZS · 31/01/2006 16:40

If the loan is to be secured on the house then I would have thought you need to involve a solicitor.

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