Implications of buying house undervalue from family

Idiophreak

ccmccm wrote: »

. With the left over profit, let's say 150k, we buy 2 bedroom house up in a cheap area near Cambridge let's say and she rents it from us.

I so don't get this at a;;. She's got a 300k mortgage on a 600k house.

So she sells now, makes £300k profit, spends half of that on this 2 bed flat (which would be hers, so she'd have no need to rent it off you) and uses the rest for the debt - does she really have more than £150k debt??

While she's doing this, OP and his Mrs can just use the deposit he's got to buy their own place?

So confused...

somethingcorporate

It appears the only benefit of their plan is to get rid of the debts, quite dishonestly by the looks of things.

Sell up, pay the debts - don't ruin anyone's relationships or credit scores.