Buying house with a parent - care home fees .

shap101

Thanks to you all for taking the timeout to respond , will contact a solicitor next week and give the council a call to see what would be the best way forward without falling into the " deprivation of funds " category  .

His health is good apart from  the fall and  being stuck in the house 24hrs a day  for 3 months he lost  a bit of confidence , previously doing all his own shopping  , travelling and gardening . 

It is more MY problem than his to be honest as I cannot really let him down and feel that is payback in a way .

May try and raise some extra funds buy an house in my name and then allow him to sell his own in his own time or rent it out if  needed ,

Thanks again

lisyloo

If he moves his equity from one house to another and retains the correct % and/or the cash there is no deprivation.
if would be deprivation if he gave you some of the money or you got a larger share than you paid for.
but if he buys x% and the deeds say it’s jointly owned with x% vs 100-x% in the correct proportions then there is no deprivation.

LA are more likely to look closely at transactions with family as it can be a route for deprivation, so you need to maintain proper records but there is no issue with him moving his equity around.

i see the main issue is whether you will be forced to sell.

shap101

lisyloo said:

If he moves his equity from one house to another and retains the correct % and/or the cash there is no deprivation.
if would be deprivation if he gave you some of the money or you got a larger share than you paid for.
but if he buys x% and the deeds say it’s jointly owned with x% vs 100-x% in the correct proportions then there is no deprivation.

LA are more likely to look closely at transactions with family as it can be a route for deprivation, so you need to maintain proper records but there is no issue with him moving his equity around.

i see the main issue is whether you will be forced to sell.

The percentage split would be around 65 % to 35% in my favour  .

He has some savings of around 25K which he wants to use to adapt the property to his needs ( walk in shower  / covert bedroom etc  )  but would this be seen as a deprivation ?

lisyloo

No it’s not deprivation if it’s genuinely for his use.
I can confirm my MIL and FIL has a new bathroom put in when they were on benefits.
you need to keep the receipts.

The only thing I’m not sure about is whether he could pay for it 100% for a shared room as presumably you’ll be using the bathroom as well. Worst case it’s 35%.
it’s a bit of a grey area that one as you’ll received 65% of the increase in equity value despite the fact that you don’t need all the features.
the LA should be able to advise what they would allow (I’d get it in writing/email).
if he had something done for his use e.g. reclining chair or stair lift then id expect that to be 100% deductible From his money.

we had no issues at all with buying things for parents use, even a new TV ( which wasn’t essential)

davemorton

Please keep us up to date with what you find out op.