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!
Removed for privacy
Comments
-
A fairer way would be let your dad buy it. You manage the rental while he is away and he can pay you a wage for that as mch as he likes. then when he returns after legally evicting the tenant, your dad can move in and live out his days rent free in the house he owns.
6 -
ProDave said:A fairer way would be let your dad buy it. You manage the rental while he is away and he can pay you a wage for that as mch as he likes. then when he returns after legally evicting the tenant, your dad can move in and live out his days rent free in the house he owns.4
-
Your father may not be eligible for Housing Benefit if he is renting a house owned by a close relative, although the chances are good if the relative can show that it’s a commercial arrangement. Something to bear in mind though.
https://england.shelter.org.uk/housing_advice/benefits/claiming_benefits_if_you_rent_from_family
Also, previous posters are right about deprivation of assets. However, it’s likely to be less of a problem if he is away for a decade, the issue will come if he returns from travelling within a few months/years and needs state support then
https://www.moneyadviceservice.org.uk/en/articles/how-do-savings-and-lump-sum-pay-outs-affect-benefits
You might also want to look at how your father gifting you money might impact on getting a mortgage for any remaining amounts. He would need to sign a letter saying the money is a gift and he would have no stake in the property.
Lots to think about!0 -
GloriousEuropa said:Can I purchase the house anonymously so she does not know? I would not want her to feel betrayal and be difficult about leaving.
Are you even listening to yourself?3 -
Entitlement to State care is not based on the amount of tax paid. If it was, Some would be entitled to an all inclusive stay at the Hilton by now with 24 hour care
It based on assets, and gifting/ selling assets will be taken into account, ergo Deprivation of assets
OP good luck in your BTL empire, you have much to learn, Barge pole for me though for BTL. Too much to lose and little gain. Have you looked in the consultation on section 21, the government is thinking of abolishing it, how are you going to evict your tenants then?"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards