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Son and Daughter Buying me a home
Comments
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Certainly happy to look see, thank youyouth_leader said:I've met several people renting very happily from the Anchor Housing association - it seems very secure. Is there anywhere near to your children?
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The housing association ideas are great, I will look into that thank you
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I would suggest not buying an over 60s type flat/apartment - they are difficult to sell. Renting one would be fine, but a lot of stories of people not getting anywhere near their value when it comes to selling.4
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I would second this - don't even consider buying one of these
they are nigh on impossible to sell and you have to pay extortion that fees monthly even though the flat is empty1 -
I think maybe some fine tuning to this.Bigphil1474 said:I would suggest not buying an over 60s type flat/apartment - they are difficult to sell. Renting one would be fine, but a lot of stories of people not getting anywhere near their value when it comes to selling.
Absolutely do not buy a new over 60's retirement flat/apartment. Not only are they difficult to sell later, but there are horror stories of having to drop the price by large amounts to even get any interest.
There can be a case for buying one a few years old, as you should get a bargain.
However as pointed out, you need to read all the terms and conditions carefully, especially around charges.2 -
Also, your daughter would be giving up her FTB status for a home she wouldn't live in..... big sacrifice1
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