Terry I think the approach you suggested does simplify it a lot – I will look in to doing this as it's probably the most straight forward way and would minimise any long term risks we'd have to take against our investment.Thanks for your help everyone. Clare

Thanks for your responses guys.My Mum has a good deposit saved up and has been told she would be able to borrow the balance of the house value (however – stamp duty & fees would put a dent in this right?).  Either way, we feel this would be maxing her out and would stretch finances too thin.  Am I right in assuming that any equity we may choose t…[Read more]