My retired in-laws are seeking to raise about €30k to finish the construction of a house. They would be in a position to repay using rental income from what is now their principal residence but which will be a second property when they move into the new one.
They're proud people and woudn't like to approach a bank for a personal/term loan if they weren't reasonably confident of a positive repsonse.
Would a bank consider lending to a retired couple for these purposes? My wife and I would be prepared to act as Guarantor if required.
Thanks for any help.
They're proud people and woudn't like to approach a bank for a personal/term loan if they weren't reasonably confident of a positive repsonse.
Would a bank consider lending to a retired couple for these purposes? My wife and I would be prepared to act as Guarantor if required.
Thanks for any help.