Hi,
I'm married with two small children, and we're currently renting. My parents are elderly and live in a large house in a nice part of Dublin. They've suggested that we should adapt the family home so as to make it suitable for multi-generational living.
The house would need significant investment to bring it up to modern standards and create separate living spaces etc.
So, my question is: would it be possible for myself and my wife to get a mortgage for buying a percentage of the family home from my parents, in order to fund the work that needs to be done?
Or is there another way to get loan financing for this kind of plan?