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

Options
2»

Comments

  • marliepanda
    marliepanda Posts: 7,186 Forumite
    Options
    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: 13,720 Forumite
    Name Dropper Photogenic First Anniversary First Post
    Options
    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
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.4K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.8K Spending & Discounts
  • 235.5K Work, Benefits & Business
  • 608.4K Mortgages, Homes & Bills
  • 173.2K Life & Family
  • 248.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards