Hi, I want to borrow some money from a friend. I want to give him a property as a guarantee but it has a mortgage and I want him to have control of the property if I went bust. Is that possible
Is there any time limitation ? eg if I did it today and went bust monday is there a law to stop that ? Does the person have to prove the debt ?
He is lending me an amount but I am guaranteeing him more than that for his trouble