From: Property Investor
Guys,
I need your knowledge.
My parents want me to use their own home as security to purchase another couple of IP's for myself.
My dad is 67 and mum 6o years of age. They are not on the pension yet. Dad is still working Part time.
My question is, will the banks use the property as security?
Keeping in mind how close they are to claiming the Pension. Probably in a year or two.
Your advice and/or suggestions would be greatly appreciated.
Mannie.
Guys,
I need your knowledge.
My parents want me to use their own home as security to purchase another couple of IP's for myself.
My dad is 67 and mum 6o years of age. They are not on the pension yet. Dad is still working Part time.
My question is, will the banks use the property as security?
Keeping in mind how close they are to claiming the Pension. Probably in a year or two.
Your advice and/or suggestions would be greatly appreciated.
Mannie.
Last edited by a moderator: