Whats This All About?

[Hectors House]

http://www.rightmove.co.uk/property-for-sale/property-37827880.html

3 bedroom end of terrace house for sale

£51,000

Ashgate Road, Hucknall, Nottingham, NG15

An outstanding and unique investment opportunity available at significantly below market value. Occupied by life tenant. No income. Significant capital gain opportunity.

Cunning plan to pay someones mortgage off?

[Hectors House]

and another!

http://www.rightmove.co.uk/property-for-sale/property-37827577.html

[quinnbear]

Cunning plan to pay someones mortgage off?

What the hell is a 'life tenant'? IS there such a contract?

Even council places are not 'for life' anymore (no more passing them down the generations, and likely to be income checked in the future).

Very strange...

[sexton]

What the hell is a 'life tenant'? IS there such a contract?

Even council places are not 'for life' anymore (no more passing them down the generations, and likely to be income checked in the future).

Very strange...

Common in France.

"nue-propriété - reversionary interest where the purchaser has no occupational rights over the property until the death or prior surrender of the life tenant"

[GinAndPlatonic]

Im` guessing the person living there has a watertight contract for the buyer to sign...and wants to live there till they move or die.