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Parents buying house for us?

preecep · 2015-08-24 16:51:57

We currently live in the Midlands and are looking to move back to the our home town in the North. We have been trying to sell out property for a few months and have even reduced the asking price way under valuation but so far have had no luck. We have two young children (3 & 1) and a third on the way (due early next year).…

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agrinnall Posts: 23,344 Forumite

27 August 2015 at 6:42PM

preecep wrote: »

If we have no luck my parents will buy the property and we will rent from them until we have sold ours.

How will they do this? You've already said that they can't afford to buy it outright, and you've been told clearly enough that mortgage lenders won't accept them for a BTL when the property will be let to family. So where will they get the extra money from?

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Parents buying house for us?

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