We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
should i stay where i am or shall i move?
stokes2504
Posts: 1 Newbie
Hi there,
I just wanted some advice on what to do.
My mom has jus been given an house due to a relative passing, now this house has needs alot of work doing, we are going to have to bring the toilet downstairs so we have 3 bedrooms (currently got 2), then we have to do the kitchenwhich means ripping all the cupboards out, lowering the celing and then installing a new kitchen with tiles plus the flooring. The 2nd bedroom needs to be re-plastered, along with flooring etc etc. Also the whole house need re-wiring too, plastered etc etc, we have a bloody lot of work to do here.
My mom has given me and my partner the house, (as we are currently in a council house) but she only wants to spend £20k on it, and then she is going to have about £50k, and then we repay the loan back. This house has no mortage on it what so ever, but i dont want a cheap way of doing things as it will be passed onto me after 10 yrs, so i want it done properly. She is moanin about us having more money to do it up.
I need help and advice please on what to do!!
I just wanted some advice on what to do.
My mom has jus been given an house due to a relative passing, now this house has needs alot of work doing, we are going to have to bring the toilet downstairs so we have 3 bedrooms (currently got 2), then we have to do the kitchenwhich means ripping all the cupboards out, lowering the celing and then installing a new kitchen with tiles plus the flooring. The 2nd bedroom needs to be re-plastered, along with flooring etc etc. Also the whole house need re-wiring too, plastered etc etc, we have a bloody lot of work to do here.
My mom has given me and my partner the house, (as we are currently in a council house) but she only wants to spend £20k on it, and then she is going to have about £50k, and then we repay the loan back. This house has no mortage on it what so ever, but i dont want a cheap way of doing things as it will be passed onto me after 10 yrs, so i want it done properly. She is moanin about us having more money to do it up.
I need help and advice please on what to do!!
0
Comments
-
Sorry, but I'm confused!
Your mum was given a house, and then she gave it to you. Then you say that the house will be passed onto you in 10 years - that makes no sense if it's already been given to you.
Is the loan for £20k or £50k? Has your mother given you £20k to do the house up, and then she expects you to give her £50k back? That seems a bit strange if she will still own the house.
Happy to try to help, but afraid I'm flummoxed right now.0 -
What is "mom" ?0
-
:silenced:They Were Up In Arms wrote: »I think tabskitten is a crying, walking, sleeping, talking, living troll :cool:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards