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Is this too dodgy?

13»

Comments

  • MobileSaver
    MobileSaver Posts: 4,375 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Bobbyjim wrote: »
    Thanks guys. I thought there must be something wrong with it but couldn't put my finger on it -

    As it's a second home and the recorded price would be £160k they'd also get hit with a much bigger Capital Gains Tax bill when they eventually come to sell.

    For the avoidance of doubt this is a really bad idea for your parents...
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    Rain_Shadow wrote: »
    How do you work that out then?



    Stamp duty fraud not mortgage fraud :)
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • Arthritic_Toe
    Arthritic_Toe Posts: 259 Forumite
    Apart from all the other points this has various characteristics that could point to it being a scam - with the £40k being the target of the scam.
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