BirdFlower
New Member
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Inheritance due to come through soon. Want to buy house worth €487000. Will have €120000 from inheritance and €40000 saved. The remaining 327000 we would not be mortgage approved for full amount ( would get 300000 maybe )
Family member would **gift** is the 327000 and we could buy the house in cash with our name on deeds.
Could we release equity / take out loan / mortgage for 300000 to give back to the family member?
Any other way to do this ?
Family member would **gift** is the 327000 and we could buy the house in cash with our name on deeds.
Could we release equity / take out loan / mortgage for 300000 to give back to the family member?
Any other way to do this ?