Deed of interest

[TreeCake]

Hi
I'm wanting to my mum buy a house. She is around £25k short. I am able to borrow the money, could anybody advise the best type of loan for this purpose please? Thinking of borrowing extra on my own mortgage.
Apparently we should get something written up by a solicitor to say that when she sells (or goes into care) we would need our £25k back before my mum can take the rest of the money.
Have I understood this all correctly?
Any advice please?

I’m not sure about the best type of loan for you. If you’re thinking of borrowing extra on your mortgage, you should probably speak to a mortgage broker to see if that’s a good option for you.

I think you’re talking about getting a declaration of trust. There’s some info about them here - I’d just be careful when using solicitors that they give you a very clear idea of costs up front.

Hope you get it sorted!