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It's great that your Mum owns the property outright. The bank will be very happy that there's a large amount of equity in the project. Equity does not equal repayments however. If Mum can't afford the loan repayments, then the bank can't fund the project. All the strong asset position means...

The challenge here is that Mum owns the property but won't qualify for a loan, the kids have the affordability. Generally speaking, the owner of the property needs to be the applicant for the loan, and kids generally can't guarantee a the affordability condition of a loan for parents. One...