Jerseygirl64
Registered User
- Messages
- 16
Thanks @Brendan for your advice - I'm aiming to repay it in 4 years - having all of the cash upfront to buy the house is what's making me try go this route
Thanks for the further information. I think you should borrow from your mother and just do up a simple agreement in writing with her. No need for a solicitor. Or to tell your sibling.Thanks and I value all opinions - sibling is not being told as that is my mum's decision - sibling will also look for a loan, substantially larger and going on previous performance, he's not good at repaying family loans - he still owes me 3k and I've been waiting a couple of years for it now
- yes, I agree just getting the small mortgage will be simpler and avoid any of the potential issues that @Bronte is flagging with me - the advantage with the family loan though is that it would make us 100% cash buyer and in todays competitive market, I need any advantage I can get