Am borrowing 30k to assist in-laws in the completion of their new home. They intend selling their existing home or, if it won't shift easily, renting it out for a period. So they may not be in a position to repay us in the short term. (they're too old too get a mortgage of their own).
Anyway, would be grateful for some advice on whether I (we) would bebetter getting a term loan to be repaid over five years (which would be tough but manageable) or going the top-up mortgage route.
My releuctance to go the latter route is that we have a very nice tracker arrangement at the moment which I wouldn't want to discontine.
Is it possible to get a top-up mortgage while still retaining our existing tracker rate?
Thanks in advance.
Anyway, would be grateful for some advice on whether I (we) would bebetter getting a term loan to be repaid over five years (which would be tough but manageable) or going the top-up mortgage route.
My releuctance to go the latter route is that we have a very nice tracker arrangement at the moment which I wouldn't want to discontine.
Is it possible to get a top-up mortgage while still retaining our existing tracker rate?
Thanks in advance.