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Another point, 8- Syba, make sure you have a good will in place yourself just in case you kick the backed before your grandma does :eek: and hence point #7 to protect your mom.

Forgot to add point #7 7- Since you mother is still alive, she may require to protect her interest too. All she needs to do is to add a 1st or 2nd mortgage (depending on the option you chose to follow), to the title of the house you bought. You can work out the amount between yourselves.

What about the following: 1- Get a Bank valuation of the property. Let's say it values at $800k 2- Purchase the property for let's say $400,000. Use the equity in it as deposit. It should be easy to get this loan (plenty of security for the Bank) 3- Pay Stamp Duty on $800k. It should be...