Buying from Dad

LianeB

New to this forum so please bear with me.
My husband and I have been living in a house owned by my dad and paying him a monthly rent. He has a small mortgage on his own house at the moment.
He is getting on a bit and looking for me and hubby to buy the house we're living in from him for £180k which would clear his mortgage and give some cash to my 2 siblings who are happy with this idea.
Me and hubby are both recent professionals with potential earnings of £40k pa between us. We don't have much in a way of a deposit at present.
So some questions...

Do you pay a deposit to the mortgage provider or the seller?
Would we need any surveys doing as we already live in the house?
Can we buy/sell without a solicitor or their fees?
Do we have to do anything differently with buying from family?

Any advice would be appreciated
Thanks
Liane

InkZ

If you a getting a mortgage then I expect it will just be a normal sale.

Lender will want a survey done and will want a solicitor to handle the paper work.

I can't see any reason why it would be different. If you are buying it below market value then I think you will have a couple of other things to bear in mind, like inheritance tax for example if you Dad is getting on a bit.

You pay the deposit to the solicitor who will then pay your dads solicitor along with the mortgage funds.

TrickyDicky101

What is the value of the house? Potential earnings of £40k between you - is that actual earnings of £40k or future earnings if you get the right promotions/jobs? Assuming the value of the property is over £180k you will need a lender that will accept a vendor-gifted deposit (and a valuer that will incorporate this into his valuation).