A alookalike Guest 30 Oct 2007 #1 Hi, I'm just wondering has anyone any views on buying a house with a family member. What options are available. i.e. she only needs about €50k... 1. Would it be best that I take a % of the house and mortgage payments and be part of the mortgage. It's her first home but not mine. 2. Get a loan and give to her for additional deposit funds to reduce her mortgage. How do I justify this as an investment. Thanks in advance
Hi, I'm just wondering has anyone any views on buying a house with a family member. What options are available. i.e. she only needs about €50k... 1. Would it be best that I take a % of the house and mortgage payments and be part of the mortgage. It's her first home but not mine. 2. Get a loan and give to her for additional deposit funds to reduce her mortgage. How do I justify this as an investment. Thanks in advance
B bacchus Registered User Messages 1,814 30 Oct 2007 #2 IMO (just my very personal view), any property investment with family member is perfect receipt for potential disaster.
IMO (just my very personal view), any property investment with family member is perfect receipt for potential disaster.