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Yes the second charge is in favour of my daughter as she was under 18 year old this was the only way forward.
I have the option of six months mortgage holiday within my mortgage package and my monthly payment is £1200 per month . The arrangement of 6 months holiday would then allow £7,000 to be available for my daughter .
My daughter is fully involved in conversations and very mature and aware of her rights etc. It is trying to get what is right for her and financial attainable for us.
I hope this additional information helps, please let me know if you require anymore, I appreciate it is a complex situation.