From: Daytona
Newsgroups: uk.finance
Subject: Re: Can I contribute to 1/5 of a property purchase and safeguard my investment?
Date: Sat, 30 Aug 2003 12:59:19 +0100
On Fri, 29 Aug 2003 19:56:33 +0100, Chunky wrote:
>I would like to help a friend buy a property at around 250k by lending 50k and either a)
>setting this up as a loan with interest payable at, say, an average building society rate
>OR holding 20% of the property value. Which of these two options is easier to set up and
>make watertight? Or is there no easy way to do either?
Post/search on uk.legal. If you want the loan secured on the property you'll
need to place a charge on the property - http://www.landregisteronline.gov.uk/ -
Land Registry Online.
Daytona
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