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OK, so vendor finance may not be the best way to go. I would not be one of the beneficiaries and want to keep everything legal and out in the open to stop any family squabbles in the future. What do you think if I was to buy 50% now and put an option on the other 50% to purchase it within...

Thanks Peter, So these lenders would be happy with me putting no money into the deal?

Hi, My grandfather is moving into a nursing home and since the house is out of my price range I was thinking of asking if I could purchase it via vendor finance say 26% payable in 5 or 7 years. I am however curious how the banks deal with vendor finance and what their views are on it...