Advice needed inheritance

Savvy_Sue

It might work, short term-ish, but eventually there are going to be issues to resolve: 

• 2 non-resident brothers retain an interest in the property, the value of which would have to be declared in the event of divorce, death, or a need to claim means-tested benefits or support with care
  
  
• The rent income would be subject to tax
  
  
• CGT would be payable by each of the non-resident brothers on the eventual sale
  
  
• Is the resident brother going to be able to maintain and insure the property? What if he doesn't do this to the satisfaction of the non-resident brothers? What if there are major improvements or repairs needed, and the resident brother either can't afford or chooses not to deal with them?
  
  
• Either of the non-resident brothers might decide to move in. One of them already wishes to do so, in the future if not immediately. They have that right. 

The phrase "It'll end in tears" comes to mind. If the OP wants to buy out both brothers, I'd thoroughly recommend that. If the OP can't afford to do so, sell the property and move on.