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Buying a shared family home?
essexmjj
Posts: 12 Forumite
Hi some tips and advice?
I own am one of 6 owners of a inherited family home...roughly the valuation comes in at between 240-260k.
I currently living there and aim to one day buy it if possible, I am looking at options at buying a share of some of my siblings possibly more if possible any tips on the best ways to go about this? I realise if I only attempt to buy a percentage of their share i could obviously get a good value personal loan for now....Ideally with the main aim at buying the entire property in the future... could i then use my stake as the deposit downpayment?
any tips or advice...at their is no pressure to sell up from siblings but just looking at options for now
Ta
mick
I own am one of 6 owners of a inherited family home...roughly the valuation comes in at between 240-260k.
I currently living there and aim to one day buy it if possible, I am looking at options at buying a share of some of my siblings possibly more if possible any tips on the best ways to go about this? I realise if I only attempt to buy a percentage of their share i could obviously get a good value personal loan for now....Ideally with the main aim at buying the entire property in the future... could i then use my stake as the deposit downpayment?
any tips or advice...at their is no pressure to sell up from siblings but just looking at options for now
Ta
mick
0
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