Hi,
Here is the theoretical scenario.
At time of buying ppr it was not possible to get a mortgage due to being in a new job. Had 75% equity needed 25% and borrowed it from family with the intention that once in new job long enough a mortgage could then be taken out to pay back family member.
Is this possible to do? Would banks give ab approx 25%ltv mortgage secured on ppr so as to pay someone back? Assuming all other factors are ok for the bank to lend.
Thanks!