Daughter buying her first house
- Thread starter Ian H
- Start date
Sponsored Links
S
sodthisforfun
Yeah, same prices around here. It's crazy hard for kids these days imo.
My daughters 2 bed flat in Winchmore Hill has just gone on the market for £400k. Two years ago it was valued at...£400k! It did go up in between but she reckons that flats without an outdoor space have plummeted during lockdown. They are looking to pay a fair chunk more for a house with a garden but are having to move out a bit to get one in their price range. They’ll be happy if they can move without paying stamp duty.
You should all move up north. Here’s one I reckon they would sell for £400,000
https://www.zoopla.co.uk/for-sale/d...WFDybfWx7C7AGpeagt7mP3PgcqjuqJ&utm_medium=api
https://www.zoopla.co.uk/for-sale/d...WFDybfWx7C7AGpeagt7mP3PgcqjuqJ&utm_medium=api
Sponsored Links
- Joined
- 17 May 2012
- Messages
- 10,782
- Reaction score
- 849
- Country
I've already accepted the fact that my kids will be with us for a long time and might never own their own homes. Making mine as nice as possible so they can stay as long as needed. If either goes to uni I might suggest one in a cheaper area, especially if they study something that can be done anywhere.
Wot, no sex pond?
- Joined
- 17 May 2012
- Messages
- 10,782
- Reaction score
- 849
- Country
That is probably about what my bungalow is worth in Essex. Might be tricky to persuade the rest of the family!
£115 k will pay for a parking place in west London 
He won't be a tenant, but a lodger.
Can be kicked out without notice.
How’s the boyfriend thing going to work then? If she is putting down her own £25,000 hard earned deposit, paying the mortgage and bills, paying for the renovations.
If they were to split up 2/3/4/5 years down the line, surely he wouldn’t have a claim for any part of the house just because he sleeps over regularly.
Me and her Mum are not married but have been together 24 or 25 years, 4 kids, both names on our house, joint bank accounts and all. I can see we would half everything if we split because we live together as if married. She was 41 this week by the way x x x
If they were to split up 2/3/4/5 years down the line, surely he wouldn’t have a claim for any part of the house just because he sleeps over regularly.
Me and her Mum are not married but have been together 24 or 25 years, 4 kids, both names on our house, joint bank accounts and all. I can see we would half everything if we split because we live together as if married. She was 41 this week by the way x x x
- Joined
- 4 Sep 2020
- Messages
- 132
- Reaction score
- 22
- Country
Not sure if this helps from Citizens Advice
- Joined
- 31 May 2016
- Messages
- 14,391
- Reaction score
- 2,128
- Country
Be careful about offering £115, sounds like an estate agent trap. Sets in your mind that it was worth £115k because they had a buyer at that. I’d go a bit lower the fact is the summer is over, she isn’t in a chain and they didn’t have a buyer and don’t now.
there is a fair chunk of work there.
if you are not married and not joint tenants in common then the BF has no claim unless he can establish contribution. Your (common law) wife has no ability to claim half your assets just that which she has title to.
good situation to be in, marriage is my biggest regret financially.
If all is good with the “mrs” make sure you have a Will otherwise she’s screwed if you die
there is a fair chunk of work there.
if you are not married and not joint tenants in common then the BF has no claim unless he can establish contribution. Your (common law) wife has no ability to claim half your assets just that which she has title to.
good situation to be in, marriage is my biggest regret financially.
If all is good with the “mrs” make sure you have a Will otherwise she’s screwed if you die
Last edited:
Sponsored Links
