Can I buy my mums house

AnotherJoe

There is no reason at all you cannot buy your mothers house as long as it's done at market rates. I'd get a proper valuation done that you pay for in case the council suspect you are buying it cheap and short changing them (should she get council benefits). Plus, that will avoid the need to pay EA fees.

A friend of mine is going through this process right now (though he is selling his mothers house on the open market),same as you intend, the money will be used to finance her care privately.

LHW99

Also, if you only plan to buy her house when she has to go into care, investigate immediate care needs annuities.
You will pay the market price for the house, and an immediate care needs annuity may be able to give peace of mind over the fees, without using up all the capital at once.
Investigate SOLLA on google.

Lloyd90

I am sorry to hear about your husband and father. Very unfortunate.

From my past experience in legal work normally (but not always) the compensation claim for a death is less than for an injury, as you often get paid for "pain and suffering".
Your husband being killed instantly would not be noted as having long on-going pain and suffering.

I'm sorry if this sounds harsh it is not my opinion just facts I picked up when I worked in personal injury.

paddedjohn

Wouldn't it be less complicated to just pay her care home fees yourself from your own pocket? You will still end up with the house.

jack_tyler

thanks again for all your helpful replies.

to adrianc:- no, I will not be living in the house myself as I already have my own house, the one I used to share with my late husband. Also I wont be buying it with a mortgage, I will be using the capital I receive from the Civil Claim that im due to receive within the next few months. The claim has already been agreed and the driver has already admitted full responsibility, so there is no question as to who is at fault.
To Pollyannal:- thank you very much for that info, I had no idea that she could get 6-8wks respite care or that the council could do deferred payments, so thank you so so much for that, I will definately bear all that in mind.
To LHW99:- thank you, thank you...again I have never heard of the immediate care needs annuities so I will certainly look this up
To Lloyd90:- thank you for your condolences, and yes the info you have told me, had already been mentioned to me.
To paddedjohn:- yes, it would be less complicated to just pay her care home fees myself, but i wasnt sure if this would be allowed (so to speak) as in the council or LA or who ever it is that want paying, may force me to sell the house. Is it a case of, they dont care how they get paid, as long as its paid?

AdrianC

jack_tyler wrote: »

no, I will not be living in the house myself as I already have my own house

So, umm, what are you going to do with it?

Mojisola

jack_tyler wrote: »

To paddedjohn:- yes, it would be less complicated to just pay her care home fees myself, but i wasnt sure if this would be allowed (so to speak) as in the council or LA or who ever it is that want paying, may force me to sell the house. Is it a case of, they dont care how they get paid, as long as its paid?

For a self-funder, the bill will come from the care home - nothing to do with the council or social services. It doesn't matter to the care home who pays or how the money is raised as long as the bill is paid every month.

pollyannaL

@jack tyler - if you/ mother have the funds to self-fund a residential home, when the time comes just inform the LA that your mother is self-funding or alternatively don't disclose your finances and the LA assumes your mother is over their financial threshold (£23-25k). Just approach Residential Homes directly and skip out the LA.
The Local authority doesn't have to be involved in everybody's care - most self-funders approach homes directly.
Good luck

-taff

You want to buy your childhood home because it has sentimental value for you, but honestly, can you see your mother remebering to light and stoke a coal fire every day?
If you're thinking of your mother rather than the house, she'd be better in assisted living, at let for a while, where the place is warm and someone is always on hand.
However, if she doesn't want to leave the house, then I get it.

Be wary of following your fathers wishes too closely. Just because he wanted something, it doesn't mean you do, or your mother does.

bitsandpieces

It might be helpful to try to stand back from this a bit, or speak about it to a friend who's not so closely involved. If you're looking for a property as a long-term investment, but won't be living there yourself, then getting somewhere you're emotionally attached to could cause real problems. How would you feel if a future tenant does things to/in what was your family home - but would now be their home - that you see as disrespectful, or just trashes the place?