what can family do if we think an aged member could make bad decisions and blow her own security as well as family assets that should be handed down for generations.
I have a feeling they are going to go as guarantor for a young relative to help them get into the property market and it worries me. what could go wrong and how can we minimise risks or do as much as possible to show it is low risk or is not.
eg good choice of property
his income and paying rent ability seems to be ok
whats predicted for interest rates ( when i bought they were 17% 20 years ago and a few thousand a month instead of several hundred in repayments)
I would not have been able to buy a house without this relative going as gurantor for me decades ago, the property i chose was foolproof or in a foolproof area he will not be able to enter such an area.
if theres going to be a world wide financial crash predicted does that mean it will be easier cheaper to buy good properties and what else does it mean
what else can you tell us about this.
I have a feeling they are going to go as guarantor for a young relative to help them get into the property market and it worries me. what could go wrong and how can we minimise risks or do as much as possible to show it is low risk or is not.
eg good choice of property
his income and paying rent ability seems to be ok
whats predicted for interest rates ( when i bought they were 17% 20 years ago and a few thousand a month instead of several hundred in repayments)
I would not have been able to buy a house without this relative going as gurantor for me decades ago, the property i chose was foolproof or in a foolproof area he will not be able to enter such an area.
if theres going to be a world wide financial crash predicted does that mean it will be easier cheaper to buy good properties and what else does it mean
what else can you tell us about this.