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Type of mortgage advice - we want to buy a property for my Mum to live in

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  • marliepanda
    marliepanda Posts: 7,186 Forumite
    kingstreet wrote: »
    You'll need to demonstrate affordability for a repayment mortgage from personal income alone with no rent taken into account.



    Plus you've got your extra stamp duty charge on a 200k property, so theres 7.5k to start...
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As your mum is now over 55 have you or her looked into sheltered accommodation ?
    My Dad has lived in a one bedroom flat/apartment for over 12 years and is happy with both the property/rent and community he now lives in
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