{"id":138781,"date":"2023-08-14T16:00:11","date_gmt":"2023-08-14T09:00:11","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-sell-inherited-house-and-staircase-our-shared-ownership-flat-to-100\/"},"modified":"2023-08-14T16:09:15","modified_gmt":"2023-08-14T09:09:15","slug":"should-we-sell-inherited-house-and-staircase-our-shared-ownership-flat-to-100","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-sell-inherited-house-and-staircase-our-shared-ownership-flat-to-100\/","title":{"rendered":"Should we sell inherited house and staircase our shared-ownership flat to 100%?"},"content":{"rendered":"


\nHalf the profit in former family home, now rented out, would raise enough to buy our home outright but not leave much of a nest eggQ My mother recently died, leaving my sister and me 50% shares in the former family home. The house is currently privately let and we each get 50% of the rent each month. My sister and I get on well. I am recently retired and have paid off my shared-ownership mortgage, and if the family house were sold, half the profit would raise enough capital for my husband and me to staircase to 100% and own our own flat outright but that would not leave much of a nest egg. What\u2019s the best thing to do?ANA I\u2019m assuming that staircasing to 100% would mean an end to paying rent on the share of your flat that you and your husband don\u2019t currently own. If that\u2019s correct and if what you pay out in rent is more than the rent you receive (after taking income tax into account), selling your mother\u2019s house would seem to be a reasonable option. It would certainly reduce your monthly outgoings, which may be an attractive proposition on a reduced post-retirement income. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should we sell inherited house and staircase our shared-ownership flat to 100%?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Half the profit in former family home, now rented out, would raise enough to buy...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-138781","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-A6p","jetpack-related-posts":[{"id":16718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-can-only-afford-a-shared-ownership-property-can-i-buy-it-to-let\/","url_meta":{"origin":138781,"position":0},"title":"I can only afford a shared-ownership property \u2013 can I buy it to let?","date":"June 16, 2016","format":false,"excerpt":"\r I hope to buy a property outright on the shared-ownership scheme, and rent it out for a few years until I am ready to move inQ I have a question about mortgages. 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But is the part-rent, part-buy model the staircase\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/affordable-shared-ownership-flat-in-hackney-on-the-market-for-1m\/","url_meta":{"origin":138781,"position":3},"title":"'Affordable' shared ownership flat in Hackney on the market for \u00a31m","date":"August 24, 2015","format":false,"excerpt":"\r Price of home means anyone with a household income of less than \u00a377,000 is unlikely to get a mortgageA shared ownership flat valued at more than \u00a31m has gone on sale in east London, in another sign of London\u2019s growing affordability problem for would-be homebuyers.Shared ownership, offered through housing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-shared-ownership-a-vital-first-step-on-the-property-ladder-or-a-slippery-slope\/","url_meta":{"origin":138781,"position":4},"title":"Is shared ownership a vital first step on the property ladder, or a slippery slope?","date":"March 26, 2016","format":false,"excerpt":"\r Shared ownership can be cheap \u2013 but it can also be full of pitfalls. 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