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Letting £200k house for £500 a month?

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Comments

  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    TBeckett100 wrote: »
    I think this is a way of them spending your inheritance. Be careful.

    Is this serious? It's their assets to do what they wish with!
    Thinking critically since 1996....
  • Mattygroves2
    Mattygroves2 Posts: 581 Forumite
    G_M wrote: »
    As others have said, you'' be a landlord. You cannot legally pass on your LL obligations to your tenants (not even mum & dad!).

    New Landlords (information for new or prospective landlords)

    Wouldn't it be possible to have an agreement that is more than 7 years in length with full tenants repairing and insuring obligations to get round this ?

    Genuinely interested if this is possible as I thought that some of the big landed estates let their properties as tenant repairing and I assume this is how they do it to get round the usual landlord obligations.
  • Opinion
    Opinion Posts: 401 Forumite
    The other day they were going to sell you 25% of the house for £10,000, now they're selling you 100% for £200,000?
    berbastrike wrote: »
    Long story, but basically, me and my parents have agreed they will give me 25% of the house for £10k

    How do we go about this? Have no idea

    The other day you were retiring with your mortgage paid off and £300,000 in the bank.

    https://forums.moneysavingexpert.com/discussion/5079330

    Your wasting everyone's time with your repeated lies!! One minute you're 24, the next minute you're 26. One minute this, one minute that. If I wasn't tired and hadn't seen others play your game I would go through and post more of your absurdities.
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Mattygroves2 wrote: »
    Wouldn't it be possible to have an agreement that is more than 7 years in length with full tenants repairing and insuring obligations to get round this ?
    Like a Leashold :)

    Don't know how old they are but you could create a leasehold for 50 years with you the freehold owner. I've no idea the tax implications though!
    Changing the world, one sarcastic comment at a time.
  • sam.4000
    sam.4000 Posts: 1,396 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    OP is a troll. Please ignore they are having you on
This discussion has been closed.
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