Post by bracknellboy on Sept 17, 2018 14:34:09 GMT
Family member wants to help out friend by lending to them to help them buyout soon to be ex-spouse from the home. Its not a large sum but clearly it would be highly preferable if it was formally secured. It will be topping up a more conventional mortgage (that mortgage will be low LTV).
Anyone got an experience of process of a) drawing up formal loan with security charge document b) registering a charge (which is of course going to have to be a second charge) and what the fees on those elements might be ?