Agreement needed loan from parents
Hi I will be getting a loan of 75k from parents towards a house purchase. The loan is interest free and written off in the event of their death. I think it's called a Charge, I need a document that would put this in writing
Answer
Answered: 03 February 2026
Hello, in relation to your query please note the mortgage company will want to know of the existence of the loan. A charge will be placed over the property only if your parents want to take security over the loan, otherwise, it will be an unsecured loan.
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