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Mocoinaire (OP)
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July 16, 2019, 06:31:59 AM
 #1
Hello,
I have someone in my network who resides in the UK and needs to borrow a loan amounting to 400K pound in BTC for a project they are running. This will be against a collateral of a UK property. He is willing to have a smart contract to effect the same and legal arrangements (contracts) both parties to have own lawyers. The lender can or must be in the UK. For more information contact https://t.me/MorrayCrypto
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July 16, 2019, 11:56:44 AM
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Borrow from a bank, buy BTC.
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July 17, 2019, 07:49:26 AM
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Are you also going to front the legal costs associated with checking if there are any other claims against the property? e.g. primary or secondary charges?

Typically people who try to get BTC loans using property as collateral have already maxed out their opportunities at a bank since there are too many claims on the property.

TLDR: Is the property indebted to someone else already?
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July 17, 2019, 08:02:13 AM
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Quote from: Zicadis on July 17, 2019, 07:49:26 AM
Are you also going to front the legal costs associated with checking if there are any other claims against the property? e.g. primary or secondary charges?

Typically people who try to get BTC loans using property as collateral have already maxed out their opportunities at a bank since there are too many claims on the property.

TLDR: Is the property indebted to someone else already?
Sure, all these will be covered, any other issue that may arise that you can highlight?
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