hi all,
My partner and I are buying out her sisters half of their fathers home so we can help her with her first deposit.( The two girls would of inherited the house at a later date any how.)
The father however will be living in this home, well forever so we wont be getting any income from this property. We can pay down this loan in two and a half years.
Our thoughts are it is automatically 50 % equity so why not.
Without talking to any one we are unsure of the loan structure to take for this house, and also the investment it might be and the deduction we could make.
any ideas
thankyou
My partner and I are buying out her sisters half of their fathers home so we can help her with her first deposit.( The two girls would of inherited the house at a later date any how.)
The father however will be living in this home, well forever so we wont be getting any income from this property. We can pay down this loan in two and a half years.
Our thoughts are it is automatically 50 % equity so why not.
Without talking to any one we are unsure of the loan structure to take for this house, and also the investment it might be and the deduction we could make.
any ideas
thankyou