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✎ EN Buying a house in UK

Discussie in 'United Kingdom' gestart door Starla8, 14 mrt 2017.

  1. Starla8

    Starla8 Member

    Lid geworden:
    12 okt 2007
    Berichten:
    18
    Leuk Bevonden:
    0
    Geslacht:
    Vrouw
    Land:
    Verenigd Koninkrijk
    Nationaliteit:
    Amerikaans (US)
    Taal:
    English
    Might be the wrong place to ask but as my parents are retiring, they would like to buy a winter home in the UK to be near to my family/grandkids (my husband and I are both UK citizens). They want my husband and I to buy a place with their money (fully paid) in my name. Would that be possible as my husband and I still have a mortgage for our home? Any advice would be very helpful! TIA! :)
     
  2. Cyrilexpat

    Cyrilexpat Administrator
    Medewerker Editor

    Lid geworden:
    5 okt 2012
    Berichten:
    10.653
    Leuk Bevonden:
    70
    Geslacht:
    Man
    Stad:
    London
    Land:
    Verenigd Koninkrijk
    Nationaliteit:
    Frans (FR)
    Taal:
    Français, English, Italiano (un pó)
    Hello,
    It depends on the mortage. Will it be a mortgage for your parents? In that case it shouldn't matter about your mortgage. It is more about their ability to get a mortgage of their own.

    You could also get a buy-to-let mortgage (which is not taking into account your existing mortgage, but rather the potential rent you can get from letting the property out) and rent it out to your parents?

    I would recommend that you contact a mortgage adivsor.
     
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  3. Starla8

    Starla8 Member

    Lid geworden:
    12 okt 2007
    Berichten:
    18
    Leuk Bevonden:
    0
    Geslacht:
    Vrouw
    Land:
    Verenigd Koninkrijk
    Nationaliteit:
    Amerikaans (US)
    Taal:
    English
    Thanks for the reply. If it helps, they'd buy it with cash, essentially. Thanks!
     
  4. Cyrilexpat

    Cyrilexpat Administrator
    Medewerker Editor

    Lid geworden:
    5 okt 2012
    Berichten:
    10.653
    Leuk Bevonden:
    70
    Geslacht:
    Man
    Stad:
    London
    Land:
    Verenigd Koninkrijk
    Nationaliteit:
    Frans (FR)
    Taal:
    Français, English, Italiano (un pó)
    Well then in that case there is no much problem.
    They have plenty of foreign investors buying properties in London at preposterous prices...
     
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Laden...
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