guilty as sin Posted November 6, 2017 Share Posted November 6, 2017 my disabled sister who recently lost her husband and has been living alone for the past 6 months her daughter who is buying a house with a small granny annex suggested that she could have the annex to live in so my sister has agreed to pay one hundred and thirty thousand towards her daughter house sale which is five hundred and seventy five thousand pounds minus the one hundred and thirty thousand pounds my sister will be putting in she has a solicitor to act who is doing a legal charge for her as follows if the house is sold in the future she can have her money back if any disagreements that cannot be resolved in the future and if things get really bad she wants her money returned so she will be able to move out no rent to be paid also will there be any tax implications for my sister please could you send any helpful replies guilty as sin Quote Link to comment Share on other sites More sharing options...
Flopsy Posted November 7, 2017 Share Posted November 7, 2017 Hi there, Just a few questions 1. Is your niece married? 2. Is it a fully cash purchase or is there a mortgage for either? 3. Has the annex been valued and how did they agree on the price? 4. Has the entire house/annex been valued and how? 5. How would your niece be able to pay your sister back if needed? Can't see any tax implications but others may know better Quote Link to comment Share on other sites More sharing options...
guilty as sin Posted November 8, 2017 Author Share Posted November 8, 2017 thanks for replying yes my niece is married yes it will be part cash part mortgage my sister just came up with the price she has not got a valuation on the annex the house is in a leafy part of surrey a nice area near a rail station no my niece did not get a valuation she made an offer and she got about twenty thousand pounds off the asking price my sisters solicitor is doing a second charge i believe which it states if her daughter and husband sell she will receive her money back you see her daughter's husband keeps leaving his jobs every couple of years either being bullied or he gets stressed and just walks out up to now he has managed to get other good well paid jobs in the city but sooner or later his luck is going to run out he is having problems at work now with stress and unable to handle the workload he is having counselling to try and handle it he has just been off work for 3 weeks with stress and a heavy workload also he has a terrible temper that he brings home with him my sister just wants to help her daughter and her 2 children move to a bigger house and a nicer area it's all very sad if my sister wanted her money back her daughter could only do it if she sold the house of extended her mortgage but with her husband's history i dread to think what will happen there guilty as sin Quote Link to comment Share on other sites More sharing options...
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