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Buying house with daughter

(31 Posts)
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Shandy57 Sun 13-Feb-22 09:37:17

Yes, I missed out luluaugust, my Mum didn't see a solicitor. She put her £50K into buying a half share of my brother's £100K house, didn't leave a will. He sold it for £140K and I got £25K, half of her original investment, rather than half the value of the house.

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luluaugust Sun 13-Feb-22 09:32:24

Yes I agree with PamelaJ1 you need really good advice. A friend of my mothers did this, when she sold her house to move in with her daughter she gave half the proceeds to her son. Years later of course the house was worth a lot more and DS somehow felt he had missed out. It can be a minefield.

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Shandy57 Sun 13-Feb-22 09:32:03

There are a lot of discussions about this on MSE, I would also recommend engaging a solicitor.

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PamelaJ1 Sun 13-Feb-22 09:25:24

If it’s an equal share wouldn’t the house be valued then you would leave half of your half to each of them.
However this could be problematical if your DD couldn’t afford to pay him out. Would she be prepared to sell and move to pay him?
Whatever you do I would advise a discussion before doing anything so everyone is as happy with the decision as possible.

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Grandmabatty Sun 13-Feb-22 09:13:25

You need a lawyer.

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susytish Sun 13-Feb-22 09:12:36

We are looking at buying a house with my daughter and her family, living with them in the future. At present when my husband and I die, the money from our present house will go to daughter and son equal share.
How will we sort this out if we do decide to buy with her?

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