I want the semi next door as a sort of granny annexe for my parents as they're getting on a bit. There is the possibility of aorund £100K (from their house) to part finance - assuming it goes for £180K - that would be relatively easy to finance but in case that doesn't come off - they may not want to move for a few more years but I'd still like to do it...
Tricky I know but worth while if it can be done.
2007-03-19 09:47:48 · 4 answers · asked by Mark C 2 in Business & Finance ➔ Renting & Real Estate
Nice one - yes, assume they do want to live next door - in a few years they may not have the option.
2007-03-19 09:55:32 · update #1
You could try purchasing as a buy to let and rent it out for a few years until your parents want to move in. You really need to consult a mortgage broker and see if the numbers add up.
Good luck
2007-03-19 12:43:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
dont know where youre based about but you could try releasing some of the equity in your own property if youve lived there for a while it is possible that the value of your house is more than you paid for it
2007-03-19 09:59:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think that you should check with your parents, and see if they want to move next to you.
2007-03-19 09:54:23 · answer #3 · answered by Beau R 7 · 0⤊ 1⤋
Do it if you can the best investment is real estate
2007-03-19 09:55:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋