Quizzes & Puzzles1 min ago
Renting property of your son.
We live in privately rented accomadation ,but my 80yrold mum is unwell and i would like to move closer to her.we have looked into renting a house in her area but it is far more than where we live now.My 27yrold son who is married and have there own home said he could get a mortgage and buy a house and rent the property out to me but where do i stand legally if we did this?would he have to pay alot of tax on the rent i gave him?or can i pay the mortgage cokpany direct also how much are legal fees when buying because i would probably pay them for him?
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For more on marking an answer as the "Best Answer", please visit our FAQ.http://www.thisismone...uy-let-pay-less.htmli think your son ought to look at whether he can get a mortgage in the first instance though.
http://www.thisismone...t-mortgage-rates.html this gives some ideas of LTV figures, plus any application fees as well as interest rates from lenders.