i'mcurious
Registered User
- Messages
- 4
Your parents have to own the house fully. You could, however, borrow the money from the bank and gift it to your parents ( I think the same225,000 threshold applies). This would allow them to buy the house of your choice.
Instead of gifting the money to your parents perhaps you could buy something from them - e.g. an interest in the house they currently live in. They then buy a new house and gift that to you. Eventually you inherit the portion of your parents' house that you don't already own.
I've no idea if this is feasible but it could be worth looking at.
Your parents have to own it fully
Hi Joe...No idea where to find a reference ! .I think its more about kicking my a.., rather than clarity. I was only trying to help. But I will leave it to the experts in future!!
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