mortgage loan

[inafix]

Hi guys,my son and his partner would like to buy a house but are short with thier deposit,I could (give/lend) them 10k but my delemer is that should something happen in thier relationship and they split up there would be this 10k tied up in the house,so should I have some sort of contract written up to say that my money comes back to me or at least my son.

[bednobs]

definately. However, what if they are in negative equity when they split?

[k8bailey]

Put a second charge on the property in your favour. this is registered on the land registry and basically it means that if they split and the property is sold the mortgage will be paid off first then you. It's the way I did it with my mum, when me and my OH bought a house but didn't have all the money. Only problem with it is, every time we remortgage we have to get a deed of postponement, to make sure my mum comes second to the new lender.