My Sister plans to down size and move nearer to me, she has a small pension of £200 a week, her mortgage is £28000 with 9 years left on her current home, the new property requires a mortgage of £14000 she has savings but does not want to leave herself short, the ltv is very small at 8% the problem seems to be the minimum amount the lender would lend her which is £25000 which is double what she needs, how is the best way to fund this move? thank you in anticipation.
Kind regards Guilds
Kind regards Guilds