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Parents moving into second home

Jussa1970 · 2025-02-25 14:56:40

Hi, was wondering if anybody could advise? my parents can’t get a mortgage because of their age even though they can afford one. my wife and I plan to purchase a second home and they will move in and pay the mortgage. can they just gift us the money each month to do this? it’s a small mortgage £150K so around £800 a month.…

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sheramber Posts: 22,638 Forumite

26 February at 12:07PM

Jussa1970 said:

I cannot understand how this can be seen as tax evasion.
so basically all the houses in the UK where multiple families live in one house and everybody contributes to the rental could be seen as tax evasion as well?
parents moving into a second home rent free and giving multiple gifts a year - not sure how it can be proven that the gifts are specifically for rental or covering mortgage costs?

But your parents wouldn’t be living in the same house as you so that is not relevant

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