Charge on property?

Ryszu140458

Junior Member

Joined: Dec 2016

Posts: 43
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Charge on property?

6th March 2019, 20:13:PM

Hi all, a very good friend is really ill (terminal) and he has asked me to loan him some money (250k ) with a charge on his house for its full value (Ł350k). The only stipulation is he continues to live there until he passes. Is this legal and if so, what sort of agreement is necessary to put this in place? How will the HMRC view it and will I be able to retain the house after his death in lieu of the charge
many thanks

Starts

6th March 2019 21:00:PM

Location

Gloucester

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