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Advice needed please
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lelboy123
Posts: 9 Forumite
Hi all,
I was hoping for some advice on my current situation. I am looking to buy a house which needs work doing on it to then sell on at a profit. That is the plan. The advice I need is will I be able to get going on this based on my current situation:
1, I am a full time carer for my dad. I also have power of attorney over him both medical & financial.
2, Due to being a carer for him I am unable to get a full time job. I am therefore claiming Universal credits, carers allowance & attendance allowance.
3, I have savings of over £35,000
4, My dad has savings of just over £100,000
5, I am renting a flat at the moment with my wife.
6, My dad owns his own house (mortgage paid off years ago).
7, My dad is bringing in just under £2000 from 2 pensions each month
8, After doing research my dad's house is worth roughly £400,000
Based off all that is there a way I could get on the property ladder? I've never owned my own place so this would be a first & is all new to me. My dad is happy for me to invest the money this way should we think it is profitable. But first things first - would I be considered?
I was hoping for some advice on my current situation. I am looking to buy a house which needs work doing on it to then sell on at a profit. That is the plan. The advice I need is will I be able to get going on this based on my current situation:
1, I am a full time carer for my dad. I also have power of attorney over him both medical & financial.
2, Due to being a carer for him I am unable to get a full time job. I am therefore claiming Universal credits, carers allowance & attendance allowance.
3, I have savings of over £35,000
4, My dad has savings of just over £100,000
5, I am renting a flat at the moment with my wife.
6, My dad owns his own house (mortgage paid off years ago).
7, My dad is bringing in just under £2000 from 2 pensions each month
8, After doing research my dad's house is worth roughly £400,000
Based off all that is there a way I could get on the property ladder? I've never owned my own place so this would be a first & is all new to me. My dad is happy for me to invest the money this way should we think it is profitable. But first things first - would I be considered?
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