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To buy or not to buy?
Legacy_user
Posts: 0 Newbie
Brother is getting separated and on leaving marital home he will have £100,000 to play with. He will be going to live with my dad which suits them both as my dad is not in good health. Ultimately though and hopefully not too soon if my father passes on my brother would like to buy his house from me and our other brother.
My query is this: if he is living with my dad then he still has the £100,000 to deal with and he is unsure whether to put it in a savings account or buy a property in need of tlc which he could do up and then sell again. Now the property market in N Ireland has gone bonkers in the past year but apparently that is going to slow down so does anyone have any words of wisdom as to what his best option would be.
My query is this: if he is living with my dad then he still has the £100,000 to deal with and he is unsure whether to put it in a savings account or buy a property in need of tlc which he could do up and then sell again. Now the property market in N Ireland has gone bonkers in the past year but apparently that is going to slow down so does anyone have any words of wisdom as to what his best option would be.
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