How can i buy a relatives house with minimal fees?

donstermonster

AnnaV wrote: »

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?

Sounds perfect - seems too obvious - excellent thankyou

Jowo_2

AnnaV wrote: »

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

As the property is jointly owned, how does the OPs niece pay the rent when she appears to need to do this via benefits and she won't be entitled to LHA as she's an owner occupier?

AnnaV

Childminding? Part-time work?

Perhaps if she can stay in her house she will have more opportunities to explore and be more motivated?

Was just trying to explore possibilities

Jowo_2

AnnaV wrote: »

Childminding? Part-time work?

Perhaps if she can stay in her house she will have more opportunities to explore and be more motivated?

Was just trying to explore possibilities

Conversely, I'm exploring risks.

If the OPs niece is made redundant, gets sick or fails to secure enough income from child minding, then how will she pay the rent?

Answer is that the OP won't receive any rent from her, just her niece saying its not her fault she can't get housing benefit but can she just put it on the existing IOU rather than making her child homeless by asking her to leave.