keithmac
Guru
Hello all, has anyone bought their parents house while they are still living in it?.
My dad has willed me his house but he needs a new roof, I've offered to buy it off him for £1 (obviously there's fees and stamp duty etc), re-roof it and maintain it while he lives there.
Someone has mentioned you can't sell the house below market value anymore?.
Has anyone been in same situation?.
If I had the money I'd by him a new roof etc but we haven't unfortunately, would have to put it on our mortgage.
My dad has willed me his house but he needs a new roof, I've offered to buy it off him for £1 (obviously there's fees and stamp duty etc), re-roof it and maintain it while he lives there.
Someone has mentioned you can't sell the house below market value anymore?.
Has anyone been in same situation?.
If I had the money I'd by him a new roof etc but we haven't unfortunately, would have to put it on our mortgage.