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Charge on property/equity release

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  • Charge on property/equity release

    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 (£350k). 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

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