MIL not dead yet....

Mojisola

fluffymuffy wrote: »

They've been together more than 10 years. SIL gave up her job to look after her mother. She does get some carer's allowance (I think it's called) but not enough to pay her mortgage so BF took over the mortgage - and because he'd already invested a lot in doing the place up, and had lent her the initial deposit, it was fairer to just put it in his name.

She's in a very vulnerable position. If he hasn't made a will, leaving the house to her, she could be homeless when he dies.

As it is, he could ask her to leave his house at any moment and she would have to go.

JimmyTheWig

fluffymuffy wrote: »

Perhaps the BF could buy the house if he sells his. But it's not really what MIL had in mind.

What I'm suggesting is that MIL leaves (her half of) the house to her three children. So now the three children own a third of it each. And all of the three children will have been treated equally.
BF sells his house and buys the 2/3 interest in the MIL house from the other two siblings. From what has been said, this will be of similar value so he should be fine doing this. I would imagine that they will need a joint mortgage to do this, but I don't see that as a problem. They can still be "tenants in common", with him owning 2/3 and her owning 1/3. Should get better mortgage deals as there will be more equity in the property.

SIL and BF get to live in the house, which is what MIL wanted and, presumably, SIL wants.
House stays in the family, which is what everyone wants.
Other siblings end up with their share in cash, which is what they want.
Presumably BF will be happy with this.

Everyone happy?


[I still don't totally understand what happened with SIL and BF and her house. Sounds a little like she was taken advantage of. But if they are happy with the arrangement then I'm sure it's fine. And if they are staying together for the long term then it doesn't really matter anyway.]

fluffymuffy

JimmyTheWig wrote: »

Everyone happy?

Yes! :T - brilliant solution. (If BF will go along with this).

fluffymuffy

Mojisola wrote: »

She's in a very vulnerable position. If he hasn't made a will, leaving the house to her, she could be homeless when he dies.

As it is, he could ask her to leave his house at any moment and she would have to go.

She could move in with her mother. And if her mother dies the rest of the family wouldn't throw her out.

getmore4less

fluffymuffy wrote: »

Yes! :T - brilliant solution. (If BF will go along with this).

So you don't want to keep it in the family after all, if the BF owns most of the place.

JimmyTheWig

getmore4less wrote: »

So you don't want to keep it in the family after all, if the BF owns most of the place.

He's the long term partner of the SIL. Sounds close enough to family to me.

dzug1

fluffymuffy wrote: »

She could move in with her mother. And if her mother dies the rest of the family wouldn't throw her out.

You can't count on that unfortunately. OK unlikely but not impossible

Mojisola

JimmyTheWig wrote: »

He's the long term partner of the SIL. Sounds close enough to family to me.

But not a blood relation or a spouse.

Emotionally, he may be part of the family but legally he has no connection with them at all.

JimmyTheWig

Mojisola wrote: »

But not a blood relation or a spouse.

Emotionally, he may be part of the family but legally he has no connection with them at all.

I agree.

It's up to the family in question to decide whether they are happy with the house in part belonging to someone who is only emotionally part of the family.

peachyprice

fluffymuffy wrote: »

BF took over the mortgage.

JimmyTheWig wrote: »

BF sells his house and buys the 2/3 interest in the MIL house from the other two siblings.

Is there enough equity in the BF's house for him to pay off the other two siblings?