How can i buy a relatives house with minimal fees?

donstermonster

Jowo wrote: »

Firstly, there is a strong likelihood that she will not receiving HB for a place she previously owned. Secondly, any equity she receives up to 6k will impact her means tested benefits and any over 16k will wipe out her eligibility.

Why doesn't she see a solicitor about her rights to remain in the family home after the relationship breakdown? She may find that she has a good case to remain in it until the youngest child leaves education and her partner is obliged to pay child support that will help pay the mortgage? Then they can sell it and divvy up the pre-agreed percentage of equity. This resolves the location issue that you cite.

If there are any domestic abuse issues, contact Womens Aid for advice.

Hiya, And Thankyou for your useful post.

She has had to leave (i know what you mean and i guess parents know when is enough) she has a good case to stay and could force him out but he is justbeing horrible and stubborn , but hey there are always two sides . He just wont go and she is not "strong" enough at the moment to do what she knows she should do, solicitor has been very good but also understands her situation and her doing what she has done now is one of the option emotionally if not financially

Thanks a:ogain

Jowo_2

Ask Womens Aid to provide advice about the likelihood that she could receive HB for the property. They can give a wide range of advice on benefits, personal safety, etc, and will hopefully have expert advice in that particular area (HB for a previous owner).

iamana1ias

donstermonster wrote: »

As i said dont judge as you dont recognise genuine kindess, your angry face and short angry reply shows little understanding in something you know very little about

Genuine kindness would be letting your niece and her family live there rent free, or moving them in with you, not signing for a house and making taxpayers foot the bill

G_M

donstermonster wrote: »

LOTS OF QUESTIONS I AM AFRAID, HOPÉ YOU CAN ASSIST , thanks

I am considering buying it from her but would like to know how i can do this as inexpensively as possible i.e. without involving her estate agent and their stupidly high fees.

I am very comfortable with financial and legal matters but would still use a solictor for conveyancing as it seems to be relatively inexpensive unless others can recommend an alternative route?

SOO Once i have bought it (she has moved out into rented accommodation) i would consider renting it back to her (she has 6 months in rented before any of this happens anyway)

What should i consider in this scenario, she will be on benefits by them but will have her rent paid direct to the landlord (i.e. me)

Please do not second guess why i am asking these questions and considering this route but she has left her house already due to personal reasons.

Estate agent. - Not required. No fee.

Solicitor. Mostgage involved? If not, not required.

Renting? Read this.

Renting to family? Don't.

Renting to family on benefits? Their ex-property? :rotfl:

donstermonster

Jowo wrote: »

Ask Womens Aid to provide advice about the likelihood that she could receive HB for the property. They can give a wide range of advice on benefits, personal safety, etc, and will hopefully have expert advice in that particular area (HB for a previous owner).

yup will do , thanks i think you are right they will be a better bet than more generic solutions, good idea thanks

hunnie

hi,
First - no need to use Estate Agent so no fees there.
second I owned a house that my son and 3 friends rented from me.
Problems arose when my son became ill, was in hospital for 3 weeks went from 11 to 7 stone and lost his job. He then claimed job seeker allowance and we thought okay maybe he can get his rent paid---to me!
But the authorities would not allow his rent to be paid to me as they deemed it to be a 'contrived' tenancy, which of course it wasn't as there was no way we 'contrived that he would be so ill!!
So tread carefully.
regards, Hunnie

donstermonster

iamana1ias wrote: »

Genuine kindness would be letting your niece and her family live there rent free, or moving them in with you, not signing for a house and making taxpayers foot the bill

How could i do that , i have own mortgage, kids, etc etc , i do not have a spare £150k sitting around and will struggle nyself by doing this , i am also a taxpayer as is she,

Sometimes you have to use some of the things you pay for in your taxes , like doctors, and hospitals and even benefits

Maybe you should try an anger management course as you seem to have some unresolved issues or just no heart at all

Please do not respond to me again , does anybody know how to block replies from this "person"?

Jowo_2

G_M wrote: »

...
Renting to family? Don't.

G_M has a good point. Mixing business with family is very difficult. A minor tenant/landlord dispute can ruin a close personal relationship.

Sometimes favours are expected, the boundary of tenant/landlord gets blurred, disputes arise more easily.

If your niece doesn't pay, you'll have to evict her, how do you feel about that?

Jowo_2

Caz3121 wrote: »

As far as I know there is a period of 5 years before you can claim housing benefit for a property that you previously owned. However if the reasons for selling were impending repossession then this is different.
..

Here is a recent post on MSE from someone who was refused HB for 5 years because they previously owned the property.

https://forums.moneysavingexpert.com/discussion/2979850

AnnaV

donstermonster wrote: »

How could i do that , i have own mortgage, kids, etc etc , i do not have a spare £150k sitting around and will struggle nyself by doing this , i am also a taxpayer as is she,

I think that is why you have to be very careful, and prepare for the worst, ie could you afford to do it if she didn't pay the rent to you (for whatever reason, may be out of her control)? You don't want to jeopardise your own family.

Could you perhaps just buy the 35% from the husband and she could pay you rent on that proportion?