Buying a house with Granny flat with joint parent and personal income. Implications?

Mojisola

trailingspouse wrote: »

With all this talk of granny flats, I think it's appropriate to quote my father at this point.


'Why', he said, 'is it always a granny flat? What happens to the grandads??'

They die first.

Gavin83

I_Love_comps wrote: »

Private care homes cost far more than £500 a week. More like £1000 +

I assume your quoting me but I didn't say care homes cost £500 a week. I said it would cost the family £500 per week (as a minimum estimate) excluding his mothers contributions from her own assets and income, which'll be a minimum of a few hundred. In all honesty the cost of care homes will depend on location and need, although £1000 per week is right at the top end of the scale.

Doody

Something also to be aware of is the possibility of having to pay separate council tax on the granny flat if it is a totally separate and independent living space. Some people get away with having an annex that is not fully equiped. People on the housing board are better equipped to answer on this aspect.

thorsoak

As I am given to understand - though I haven't researched it properly yet - an annexe will be exempt (which means you don't have to pay council tax) if it is separately banded for council tax but forms part of another property and a dependant relative is living in it as their main or only home. I am 75 years of age and would come into this category.

David_Aston

Just personal recent experience. My sister in law paid council tax on the granny annexe in which she lived. Following her passing, her daughter continues to pay. Removal of the kitchen and bathroom would apparently remove this.