Am I wrong to think this way?

AdamPD

Ah no we have two lodgers, in two rooms, sorry!

But the largest room is £120 a week, the smallest (small double) is £90 a week. So yea, £210 a week, £10,920 a year.

Ames

Did you manage to buy out your uncle? Reading through some of your old posts this is a really, really complicated situation and goes a lot deeper than a couple of hundred quid in your dad's pocket.

AdamPD

Sadly no, I know, I really do need legal advice on this mess.

I don't earn enough to get a mortgage into my name exclusively (Even though my dad is OK with that), because he's 75, so can't be on the mortgage. (I DO earn enough, but I still need another 2 years of accounts to prove so).
The uncle, well, I don't know if he will ever agree to come off the deeds with or without a cash offer for his share, plus his legal share as I understand it, is 1/3rd of the equity, which has increased a lot since we bought it, so there's no way I could offer it to him.

pearl123

Firstly, the £200 is his to use, as he so wishes. And no I do not think he should be offering it for everyone's benefit.

A much bigger possible problem seems to be that he is earning money from having lodgers plus getting Pension Credit. If there is any savings in the Bank over £10.000. Then there is normally a reduction in pension credit. All earnings should to be declared.

I suggest you contact the Citizens Advice Bureau. They are fantastic looking into financial affairs. They don't seen to judge people. You can be completely open with them.

AdamPD

Got some legal advice on my position with regards to the house and mortgage, was as bleak as I thought it might be.

The uncle who moved out 5 years ago, despite leaving us with 5k of arrears and not paying anything towards the mortgage for 5 years, has equal share of any equity in the house.
Even my dad's 40k deposit has to be split equally as well.

So now I have no idea if I even want to stay here, I might stay and just put aside money every month, because I'm barely paying anything in terms of bills here, due to the lodgers, but I also want my own space

Ah well.

Ames

AdamPD wrote: »

Got some legal advice on my position with regards to the house and mortgage, was as bleak as I thought it might be.

The uncle who moved out 5 years ago, despite leaving us with 5k of arrears and not paying anything towards the mortgage for 5 years, has equal share of any equity in the house.
Even my dad's 40k deposit has to be split equally as well.

So now I have no idea if I even want to stay here, I might stay and just put aside money every month, because I'm barely paying anything in terms of bills here, due to the lodgers, but I also want my own space

Ah well.

Where did you get this advice?

Did you ask about how to address the tax arrears you owe?

Save

AdamPD

This advice was from a solicitor, I haven't got advice yet on the tax issue, I plan to do that tomorrow.

pearl123

AdamPD wrote: »

I'm barely paying anything in terms of bills here, due to the lodgers, but I also want my own space

Ah well.

You've slightly contradicted yourself. Your original post seemed to be a complaint about bills and not splitting them fairly but above you stated you are barely paying anything?

AdamPD

pearl123 wrote: »

You've slightly contradicted yourself. Your original post seemed to be a complaint about bills and not splitting them fairly but above you stated you are barely paying anything?

I meant, compared to what I would be paying if I left and rented.

I'd be looking at £500-600 for rent alone for a flat, plus bills.

Where as here, it's a lot lower.

sammyjammy

AdamPD wrote: »

Got some legal advice on my position with regards to the house and mortgage, was as bleak as I thought it might be.

The uncle who moved out 5 years ago, despite leaving us with 5k of arrears and not paying anything towards the mortgage for 5 years, has equal share of any equity in the house.
Even my dad's 40k deposit has to be split equally as well.

So now I have no idea if I even want to stay here, I might stay and just put aside money every month, because I'm barely paying anything in terms of bills here, due to the lodgers, but I also want my own space

Ah well.

I think you need to find a new solicitor, this is nonsense!