We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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!
I think it's likely that practicalities are a bigger stumbling block here than tax or deprivation of capital.
If your parents' house is no longer suitable for them, I'd suggest they at least look around for one that is. Moving to a new house is usually *far* less hassle that turning your own into a building site, even if you already had planning permission.
If the problem is that their house is too large for your Mum on her own, the answer may well be that she buys a smaller one.
If she's too far from you, then could you move closer to her (in a house of your own)? Or could she move closer to you and your brother?
If the problem is that you can't see your parents due to Covid restrictions, I'd be very hesitatant to make house buying/selling/developing plans based on that. I'm pretty certain the Covid rules are going to be different in a few weeks (I won't put money on more or less restrictive, but I will put money on "different"). And, whilst I wouldn't encourage this, I do note that there are an awful lot of mutual non-aggression pacts over illegal grandchildren round my way...
