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Small plot investment advice...help!

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Hello folks, I've been approached to pay exchance fees on a smallish plot in a high value area for (relative) someone who cannot pay fees to get a plot left in a legacy into their ownership.

The cost is £1000 which I can well afford but is it wise?

The only thing I know about lending money is....don't do it!

Anyone know about how to make a small loan totally legal and enforcable with interest or an e.g10% flat charge on the land when its sold upon said relatives own demise?

Are informal arrangements enforcable or would lawyers et al be required?

Any ideas gratefully recieved.

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  • 149 Brexit, House prices and Summer 2020

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      • down 5% +
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