Has anyone ever bought a house with wider family?

hazyjo

Did a lender give you mortgages that run past retirement age that you can't afford to pay?! Bit confused as you say it's the only way you could get a mortgage, but then say you'll never pay your mortgages off when you retire.


Another suggestion as this to me is a can of worms (and not something I would touch with a bargepole), can you or your OH study to increase income potential? Seems a much more logical short term solution.


If you don't have a mortgage, so what? Why can't you just rent? Not sure why that's less preferable to a 12th (or whatever the split is) of a joint mortgage.


I love my mum to bits, but more than a weekend can be a bit much. Unless you're the Waltons, it sounds like a nightmare.


Jx

Bossypants

The fact that you haven't even figured out what the business is going to be yet, let alone actually tried your hand at it, tells me that this is going to be a very, very bad idea. It would have been hard enough if you were setting up shop together doing something that most of you already knew how to do, say if you were mechanics or builders or horsey people or some such, but trying to create a business from nothing, with no experience or knowledge, at the same time as dealing with the practicalities of setting up the plot, and the family dynamics? Feels like a snowball's chance in hell to me to be honest.

You mention that the two non-pensioner adults are not working currently, but would be able to in your scenario. Is there any way they could work now, to boost income? If they are both not working due to child care, how about part time jobs around each other, or even setting up a business together the two of them (or with the pensioners as well), without all the other hassle you are describing above?