{"id":65400,"date":"2017-09-04T16:26:14","date_gmt":"2017-09-04T09:26:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-buy-a-house-for-my-mum-to-live-in-rent-free\/"},"modified":"2017-09-04T16:31:56","modified_gmt":"2017-09-04T09:31:56","slug":"can-i-buy-a-house-for-my-mum-to-live-in-rent-free","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-buy-a-house-for-my-mum-to-live-in-rent-free\/","title":{"rendered":"Can I buy a house for my mum to live in rent-free?"},"content":{"rendered":"


\nI\u2019m doing well financially while she is struggling, but there seem to be hurdles regarding close relativesQ My mum is 52 and lives on her own on a low income in the north of England. I rent and work in London and am fortunate enough to be on a fairly good income. My mum, however, is struggling, so two years ago I started covering her mortgage payments. She has approximately \u00a390,000 equity in her home and an outstanding mortgage of \u00a350,000. She earns only \u00a318,000 a year.Given that I am already covering the mortgage payments I am considering buying the house and letting her live in it rent free. The benefit being that she can then release the equity and pay off her credit cards and enjoy some of her hard-earned money. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Can I buy a house for my mum to live in rent-free?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I\u2019m doing well financially while she is struggling, but there seem to be hurdles regarding...<\/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-65400","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-h0Q","jetpack-related-posts":[{"id":103414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-without-mum-and-dads-help-letter\/","url_meta":{"origin":65400,"position":0},"title":"Mortgages without Mum and Dad\u2019s help | Letter","date":"January 29, 2019","format":false,"excerpt":"\r The deposit-free mortgages I am proposing would be aimed at those whose net income would increase significantly by moving from renting to buying, and who are not fortunate enough to be able to draw on the \u2018Bank of Mum and Dad\u2019, writes Frank Field MPWhile Lloyds has identified the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120218,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-turn-the-uks-generation-rent-into-generation-buy-larry-elliott\/","url_meta":{"origin":65400,"position":1},"title":"How to turn the UK's 'generation rent' into 'generation buy' | Larry Elliott","date":"February 7, 2021","format":false,"excerpt":"\r A new paper says a \u2018blended mortgage\u2019 can work for first-time buyers unable to access help to buy or the bank of mum and dadProperty is Britain\u2019s obsession. As soon as the first lockdown ended there was a burst of activity in the housing market that only now seems\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-mum-and-dad-divides-uks-generation-rent\/","url_meta":{"origin":65400,"position":2},"title":"\u2018Bank of mum and dad\u2019 divides UK\u2019s generation rent","date":"December 4, 2018","format":false,"excerpt":"\r Homes market deepens inequality as those lacking parental support struggle to buy\r \r Source : ft.com\r Read more...\u2018Bank of mum and dad\u2019 divides UK\u2019s generation rent","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19980,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-mum-and-dad-is-now-paying-the-rent-too\/","url_meta":{"origin":65400,"position":3},"title":"Bank of Mum and Dad is now paying the rent, too","date":"July 17, 2016","format":false,"excerpt":"\r Parents in Britain put hand into pocket to the tune of \u00a31bn a year, as housing crisis growsThe Bank of Mum and Dad \u2013 the lender of last resort for their grown-up children unable to afford a deposit to buy a home \u2013 has moved into the private rentals\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85532,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-own-a-house-that-my-family-live-in-can-i-keep-it-and-buy-a-flat\/","url_meta":{"origin":65400,"position":4},"title":"I own a house that my family live in \u2013 can I keep it and buy a flat?","date":"April 16, 2018","format":false,"excerpt":"\r I\u2019m 29, earn \u00a325,000 and am wondering if I could replace the mortgage with a buy-to-let loanQ I currently own a house in my hometown in which my mum and younger brother have lived since she separated from my stepdad. I bought the house in 2012 for \u00a3115,000, it\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rent-mortgage-payments-are-hard-to-meet-for-workers-entangled-in-the-government-shutdown\/","url_meta":{"origin":65400,"position":5},"title":"Rent, mortgage payments are hard to meet for workers entangled in the government shutdown","date":"January 5, 2019","format":false,"excerpt":"\r Amid shutdown, those without much savings are struggling to make their rent and mortgage payments.\r \r Source : cnbc.com\r Read more...Rent, mortgage payments are hard to meet for workers entangled in the government shutdown","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65400"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=65400"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65400\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=65400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=65400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=65400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}