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Renting to Family Member

245

Comments

  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Don't let her do it.
  • What is supposedly the benefit for your mother in this?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mumcoll wrote: »
    Mum isn't on HB and BIL is, shall we say, a bit of a wide boy.

    Then be concerned.
  • mumcoll
    mumcoll Posts: 393 Forumite
    I can't see any benefit to mum, apart from the 'buzz' of moving and a change of scenery! I am so concerned and we have almost fallen out because I have voiced my worries.

    She is in her late 70's, although looks and acts much younger and is very independent!

    I appreciate everyone's input, it has reassured me that I am not over reacting but increased my concern for her.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    We don't know that she's a pensioner.

    Even if she weren't then one day she will be a pensioner and it's at that point she'll find it difficult renting in the private rental market and won't get another housing association property.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • missbiggles1
    missbiggles1 Posts: 17,481 Forumite
    10,000 Posts Combo Breaker
    HappyMJ wrote: »
    Even if she weren't then one day she will be a pensioner and it's at that point she'll find it difficult renting in the private rental market and won't get another housing association property.

    I don't disagree - whatever age she is it's a stupid idea.
  • As your brother in law's house is larger than where your mother is presently living.., can she afford the bills? Pensions don't exactly allow a good standard of living. Is she aware of what the bills will be, like council tax etc?

    If your mother wants to move so much, is it worth looking at home swap schemes?
  • mumcoll
    mumcoll Posts: 393 Forumite
    As your brother in law's house is larger than where your mother is presently living.., can she afford the bills? Pensions don't exactly allow a good standard of living. Is she aware of what the bills will be, like council tax etc?

    If your mother wants to move so much, is it worth looking at home swap schemes?



    He is including the council tax in what he is charging her, which makes me wonder if he is saying that he is still living there. She is asking (me) questions about water rates and such. She told me this morning he and my sister are both annoyed that I am questioning the legality etc.

    However, my sister has a vested interest in my mum living there as, until recently he has been using the house as his place to take his lady friends to (whilst pretending he is divorced from my sister).


    I think I have to let it go!
  • I would never believe a LL who claimed they were paying my Council Tax. All sorts of legal implications down that road.

    She's making a poor financial decision, but if she ignores your advice there's not much more you can do.
    They are an EYESORES!!!!
  • anna42hmr
    anna42hmr Posts: 2,890 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    mumcoll wrote: »
    He is including the council tax in what he is charging her, which makes me wonder if he is saying that he is still living there. She is asking (me) questions about water rates and such. She told me this morning he and my sister are both annoyed that I am questioning the legality etc.

    However, my sister has a vested interest in my mum living there as, until recently he has been using the house as his place to take his lady friends to (whilst pretending he is divorced from my sister).


    I think I have to let it go!

    I think you may have to, you can only warn her of your concerns, if she goes through with it, on her head be it so to speak. I now that seems harsh but at the end of the day your mum is entitled to make the decision, however bad you see it. As long as she has gone in with it with her eyes open, there is nothing more you can do.

    That said, your comment about your sisters vested interests also makes the situation worse, doesn't seem a very secure situation for your mum if the house ends up being part of a marital dispute if they do split up. I certainly wouldn't do it if i was in your mums situation.


    Also if he is paying council tax would check he has not registered himself there too, as if two people registered there would make her invalid for any single person discount and could increase her costs further.
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
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