Authentic African News » Mortgages
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A friend lent me a mortgage deposit – how much do I owe him now?
He gave me £10,000 towards the £250,000 property in 2006, but it’s now worth £450,000Q In 2006 I bought a house for £250,000 with an interest-only mortgage. I have made occasional overpayments so the outstanding loan is £200,000 (still interest-only). The value of the house is now £450,000. A friend...