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@strivingforgodsglory In addition to the issues already mentioned, be aware him ultimately 'gifting' his ownership to you could be more complicated than it first appears. If he does so, unless he pays market rent (declared as income on your tax return and taxed at your marginal rate) this is...

@resjudicata It could actually be a large number of reasons, the most obvious being disrepair but also including other things like: a leasehold having only a short number of years remaining, ongoing boundary issues, a low value below a threshold (often £40k), Japanese knotweed, a sitting tenant etc

@sakuramochi FYI, properties at auction are typically unmortgageable - this house is likely cash only, hence why auctioned property often goes for the lower end of market value.