Did you know you can purchase your parents’ house as your second home and they can still remain in the property? Have a listen to the 60 second clip and if you need to know more get in touch via email email@example.com Your home may be repossessed if you do not keep up repayments on your mortgage.
welcome to today’s 60-second snippet into the mortgage world and today’s subject is purchasing a second home. A good scenario for this is purchasing a property for your family to live in. Mum and dad owned a property that they’re quite comfortable in but they wouldn’t mind having that property sold so that they could go and enjoy their life and retire. However they want that property to stay within the family. You can purchase the property from them as your second home if you can afford it and you meet the lenders criteria. They can remain in that property. What a brilliant solution to one of the biggest problems and that is people who are forced to sell their home just because they need to, because everyone knows buying that property and having that asset is fantastic but when it’s there, when you’re not selling it it’s just a house, so speak to someone that knows and see if that scenario could suit you