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It's to buy a property, and money is to go towards a deposit. His alternative would be put down a smaller deposit and borrow more, but that's a different story. I did like to return his favour if I could (via my company if possible).
Directors loan, I believe also have to be repaid in 9(?)...
Thanks - genuine advice truly..
The person in question here has helped me out in past multiple times and with similar amounts of money when I needed to purchase my house. So we have had dealings in past at a personal level. Sure, that doesn't guarantee anything - I totally get it. I just don't...
Loan to individual
Loan to individual
Great post, and equally fitting responses and info here! so, thank you all!
I did like to know if it would be possible to loan some of the surplus cash to an unrelated individual? By unrelated I mean, friend known for a few years and trustworthy but...