My mum buying my flat as buy to let

Bossypants

Adding to the choir of people who don't get it: This looks like a lose/lose situation, i.e. your mother becoming a landlord even though she doesn't want to be, and you lose money. If she's buying at below market value, just list it for that and take offers, you'll both be better off.

corbyboy

Does your mum really know what she is getting herself into? Does she know what being a landlord entails?
A couple of years ago I had to phone my landlord on Christmas day because the electricity had gone out and the fuse box wouldn't reset. What would your mum do in this situation?

Jamesh_3

Me and my family are one unit. I do not consider selling it under market value to my mum as losing out. Her making money is just as important, if not more so to me. Selling under market value to Joe bloggs is an entirely different scenario. Not something I'd be willing to do

Jamesh_3

My sister rents out her place, it's been mostly hassle free bar a boiler problem

Pixie5740

You can only sell it to your mum if she can get a mortgage which isn't looking likely based on what you've already told us. You still haven't said whether her mortgage broker thinks that what you are proposing is feasible.

What will you do if she can't? You need to sell it in order to purchase the other property. Unless you could get a Let to Buy mortgage allowing you to release some equity to buy the other place whilst you let out the current property.