Loft conversion/ renting

Shell1312

Hi Everyone I’m after some advice for my uncle . His family member  is paying for a lift conversion in my uncles house for him to live in , he will be paying my uncle rent and all bills will be included  . What my worry is where they would stand legally if things didn’t work out with them living together ? As in ownership of the house will my uncle own the loft conversion as it’s in his house ? Would his family member have any claim to the house as it’s adding value by having loft conversion ? I’m concerned as I think they should have some legal document drawn up between them both . Thank you for any advice in advance 

HampshireH

If it's owned by one person then it's owned by one person.

Why is the family member paying for the loft conversion?

It's a big investment for no gain. They could pay rent somewhere else without spending tens or thousands to do so.

Unless they are registering it as a loan or something legally (which assum they aren't if they are then going to pay rent)

What do they get out of this?

RAS

Does uncle have a mortgage?

Has anyone checked re permitted development/planning and building control?

I think the family member is foolish to put money into uncle's house, but is the family member hoping to acquire rights to the property, inherit at a later date?

Having a resident family member is often a nightmare when it comes to executing a will, even if the property has been left partly or wholly to others in the family.

GSLondon

It could get messy in the event of a later dispute, as the relative may claim there was a common understanding that (s)he was to acquire a beneficial interest in the property as a result of paying for the works (investment).  Would be best to have a written document recording both parties’ intentions at the outset as evidencing what was meant years afterwards without one would be very difficult…

Shell1312

Family member is paying for loft  conversion as he has sold his house and wants to retire on income . My uncle will inherit the lift conversion as the said family member has said it is his inheritance when he passes away uncle will gain on value added to property . Yes my uncle does have a mortgage 

sourpuss2021

When you say Lift conversion I am picturing a Stannah stairlift!  

Loft conversions are a different matter though and can often cost £40k-£60k...

Slithery

Shell1312 said:

His family member  is paying for a lift conversion in my uncles house for him to live in...
As in ownership of the house will my uncle own the loft conversion as it’s in his house? 

Is this a lift conversion or a loft conversion?

canaldumidi

Stair lift?

'proper' lift?

Loft conversion?

Aprox cost?

Buildin Regualtions required?

So little information.....

sourpuss2021

Slithery said:

Shell1312 said:

His family member  is paying for a lift conversion in my uncles house for him to live in...
As in ownership of the house will my uncle own the loft conversion as it’s in his house? 

Is this a lift conversion or a loft conversion?

Perhaps it's both!   

secla

Whats stopping the uncle throwing the family member out after they have spent a huge amount of cash on a loft conversion ? by the sounds of it he will only have the rights of a lodger. Its a bit of a risk spending 40-60k with no security