We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Ways to buy

13»

Comments

  • ReadingTim
    ReadingTim Posts: 4,087 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Grenage wrote: »
    Brexit's round the corner, so he might not be soon. ;)

    What, with all that extra money which we'll be spending on the NHS...?!? Oh wait, that was a complete lie.....

    Guess it's not just that bloke who's in that miserable boat then...
  • Thecrazy1
    Thecrazy1 Posts: 62 Forumite
    Fifth Anniversary 10 Posts
    I don't see why the grandchildren would be landlords, they may just sell it. He (the bloke) as you call him, it asking about his options not opinions.

    The house was originally bought in the 60's by his parents who had been expelled from a British protectorate. I guess it's a mix of sentiment and property holding its value.

    Whilst he currently rents it to a family member so would rather it stay the same. Other than a BTL it seems there is not much he can do. Maybe equity release.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Thecrazy1 wrote: »
    I don't see why the grandchildren would be landlords, they may just sell it.
    All other things being equal, probably simpler for them if he sells it and they inherit the cash, or they inherit the new property which he buys with the cash. But if he also has other reasons for holding onto it then fair enough.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture