C
cormac
Guest
I have recently retired,a pension of about 47,000.I own a house valued about 450,000 and an apartment valued about 380,000.I have savings of around 160,000.The house has become too big for myself and my wife and we are considering buying an apartment for 430,000 and taking life a little easier.My son who is unmarried lives in our apartment has savings of about 200,000 on deposit which he would like to put to better use and is considering a buy to let.As a first time buyer,would it make sense for him to buy the apartment we are considering and let it out to us.He will eventually end up with half of what we leave.