my wife wants to arrange a secured loan against the property we live in. She is the sole owner. Companies she has applied to say yes but when they find that I live here as well, they turn round and say no because of a new law regarding emotional involvement. can anybody advise
I think that you need to take specific legal advice on this point. The lenders will be concerned that you may have a beneficial interest in the property which could affect the value of their security in the future.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
new law regarding emotional involvement ?
Posted - 24 June 2008 : 19:42:47
