Buying Home With Large Gift From Parents

Flugelhorn

Thrugelmir said:

Flugelhorn said:

I think many people find it is better to live near each other rather than in the same building and to keep the finances separate

All you need is the couple who own the property to get divorced.  

I knew of a family where that happened, son moved out leaving DIL behind with his parents. Fortunately they were all grown up about it all and it got sorted but not something that they had foreseen

Annisele

The annexe part might cause issues too. Some lenders are (generally) fine with them; some lenders are not. But I'd suspect that the fact the people who are going to be living in the annexe have gifted a large part of the purchase money will be an issue for a lot of lenders - will those people be acquiring rights to the property that come before the lender's rights? Will those people be establishing a tenancy?

I suspect this is one for a good broker. It _might_ be possible, but I suspect there's a fairly small pool of lenders willing to entertain it.