I have enough equity in my house to buy another. A member of the family is in the throes of a divorce settlement, but has been offered a house from someone we know well for a good price. The sellers house has been vacant since his mum moved into a home, and now wants to sell as he has to start paying council tax on it.
Could we buy the house, and sell it to our family member when his divorce clears and get him to pay all the costs eg legals, survey, mortgage arrangement fee, MRI, and monthly mortgage costs as they come along?
We would then sell to him at the exact fee we paid for it, and any extra costs are incurred to him.
Thanks in advance
The cost of the house would be 70k purchase.
2007-10-02
01:01:03
·
4 answers
·
asked by
Anonymous
in
Renting & Real Estate