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I want to sell my flat to my son at a discount.
Comments
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“You are saying he would be legally liable for that 30% in this case, so as long as he thoroughly considers and accepts that risk, we should be fine on that end?”
if i were your son, i would run a mile from this. 30% on the purchase price now versus 30% of care costs ongoing for who nows how long? People do often say care home stays are short. My mum has been in residential care for almost 8 years. Nursing care can be considerably more expensive. It seems you might be willing to put him on the hook for a considerable sum, all for a discount on a flat which you believe will be demolished.1 -
I believe that he would "pay me back" the 30% if I absolutely needed it even for any other reason.
Where would he get the money to pay you back as he wouldn't have it in the first place. It is a figure on paper towards the buying of the flat.2 -
Nobody os going to agree with you and you are not going to agree with them so best you log off and ignore this thread. There os nothing to be gained in continuing.4
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OP I don’t think this is the forum for you.1
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So basically you want to move now but gain the benefits of the property being demolished in the future.
Debt £7976 | Savings £350Aims: Buy first home 2026-8. £20k deposit3 -
OP
I've read through about half the posts here and quiet a few have been aggressive. IMO
I do not have an answer for your complex quest.
I can suggest that you start another thread with bullet points re your desired outcomes and a bit more info
re your wealth, incomes, taxes, approx age, etc, etc and I'm sure there are 2/3 posters on MSE that will provide
you with something that may work for you.
FYI. What I do when i seek help is just ignore those that i feel, rightly or wrongly are not really helping via the ignore button or just ignore and often I will get the answers I'm looking for as there are a few good posters here.
I do hope it pans out for you and your son.1
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