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I would not be offended by a legitimate opinion so don't worry! If the situation stopped at we sell the blocks, buy their home, and that is the end of it, fair enough, it doesn't have much impact, so not overly concerning. Beyond that, if more is needed then I want to be prepared. His parents...

Yes that is definitely on the cards. When we did the loan to cover the build and purchase we were specifically told not to mention it - Based on that I would need to cover that aspect for future protection!

Wow Wylie, 1m to get your brother out of your life...he must have been some brother ;) but you go to sleep at night knowing you did everything you could in honour of your mother, so worth the peace it brings no doubt. Perps idea is a fantastic one and a sage approach. I spoke to hubby briefly...

I agree, but won't have much 'say' in it, my own folks would approach it that way if it ever happened. They won't see it as spending others money, in their eyes we are getting a house for that money, they just get to keep on living in it! Really gonna have to tread gently on this with hubby...

They want to release equity without moving house yet again. They are in their 70's so I can understand that. They did have a comfortable life but that has dwindled considerably and the comforts of holidays, non necessity purchases and even private healthcare are gone. I am not sure they...

They need help in halting their continued willingness to help others to their own detriment. (As a parent I can see why they do it though) They sold a beautiful home in Auckland to move to the cold sth island and be closer to their grandchildren, be of assistance to the family instead of flying...

They really aren't, they are good people and just worrying about their future, both in their 70's. Them paying rent would not be an option to be honest!

Singo, they want market value. My hubby lives in another country and doesn't consider long term issues and thinks I am materialistic if I bring up the difficulties or costs of helping family out. I am asking here because it is a property advice forum, it is a difficult situation and it is about...

I understand where you are coming from but if they want to sell us the house for the equity, leaving an inheritance is not in their minds as they then have nothing to leave, it would be ours at its current value. They can only borrow 25% at a higher variable from my quick look online and it...

The bank didn't want to know about the NZ blocks so it has never been taken into consideration on an asset basis. We did the transfer and bought the blocks before we bought the block in oz that we are currently doing and have always just thought of the NZ block as a small back up...TBH we mostly...

Getting more complicated as each post comes in... I really need to think on this so much more than I am doing! I had a quick look and from what I can see they can only borrow about 25% they never have to repay if they choose not to but approx 8% variable rate, accumulating obviously! Legals...

Investor, that is a really good point about the nursing home care. I am really going to have to put some thought into this and cover the long term aspect which hubby won't do. :o While we can help them now, would we be in a position to in the future?? Hubby is on a new 3 year contract (no...

Thanks neK, you are summing up the angle we are approaching this from, but we still want to protect our exposure to loss on it and know the right people are benefitting. (Though we know there cannot be a garentee with that either) Oh dear, one of those black and white birds has just flown in...

How old are the parents? Do they get a pension or any superannuation? Do they own this new house outright? If so, can they get a reverse mortgage? They're designed precisely for asset-rich, cash-poor retirees. Perp, I honestly do not know about their financial situation. It is most likely...

Yeah, I can't see this being simple either. I suspect his folks won't want to tell his sister if we buy the house from them, which would leave us explaining it at the end and won't turn out well but he is not v close to her and he is more concerned with looking after his folks then fall out...

My husband wants to do it because he does not want to see his folks short in their retirement years when they really struggled to put him through private schooling/uni etc he feels it is his turn to give back now. It would P*** him off if it all went to help sibling again though! But he will not...

Spot on D.T., only problem is I do not think they are considering paying us rent, the fact that their take on it is we sell our blocks in exchange for their home and carry on as before, no rent mentioned after all, we aren't getting rent for the empty blocks - but own equivalent value. (Easier...

Almost 2 years ago my husbands NZ parents decided to build a house more suited to their age requirements. It is a small 2 bed house on a reasonable sized block and would only suit a certain market. Ideal for a retirement couple but in a large estate suited to young families. They approached us...