Bank of Mum & Dad and FTB Stamp Duty Relief

davidmcn

Paulmridley said:

Hi I would like to help my son & his wife purchase a house, they do currently live in a mortgaged flat but would like a house to start a family The flat has  very little equity. They are both on low income (36K combined) I have been advised that the only way is for me to purchase one on a buy to let mortgage then rent it to them at cost to cover the mortgage repayments. I can see this been fraught with problems further down the line with inheritance tax ect. Any recommendations would be must grateful.       

Please start your own thread - this is one from a year ago about something rather different.

MovingForwards

Paulmridley said:

Hi I would like to help my son & his wife purchase a house, they do currently live in a mortgaged flat but would like a house to start a family The flat has  very little equity. They are both on low income (36K combined) I have been advised that the only way is for me to purchase one on a buy to let mortgage then rent it to them at cost to cover the mortgage repayments. I can see this been fraught with problems further down the line with inheritance tax ect. Any recommendations would be must grateful.       

Start your own thread as not everyone reads all the replies before answering.