Should I help a friend with BTL mortgage?Make Text Bigger
My very close friend has asked if they could put me down on their BTL mortgage application for better interest rates apparently. I have no financial interest in the project at all and won’t be contributing anything towards the deposit. It’s literally just my name on the mortgage.
I have no doubt about my friend’s ability to meet the payments. However, I would like your opinion on if I should be agreeing to do this.
What are the potential risks?
And how can I protect myself if I do agree to go ahead with it?
Thank you for your responses.
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