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  1. J

    Parents suggest selling house to my brother and I interest free

    Alternative example: Y pays X 1000 a month interest free for 20 years, buys the house off them for 240k (X happy with this even though they're much worse off) The house after 20 years is worth 480k and gets sold that year. Z gets 50% of the sell on value (120k). Y walks away with 360k. Is Z...
  2. J

    Parents suggest selling house to my brother and I interest free

    @resjudicata Ok. Let's say Y paid the whole £1500 monthly interest free monthly payment for the house, and Z keeps a 33% stake in all of those £1500 payments (effectively Y paying Z £500 a month rent). Once fully paid off, Y owns 66% of it, having lived in it for 13 years, and having paid for it...
  3. J

    Parents suggest selling house to my brother and I interest free

    Question: does this sound like a fair deal for me? Would it ever make sense to purchase a home on an interest free loan if I am not living in it and not getting any rental payments from it? Essentially this boils down to my parents acting as a bank providing interest free loan repayable in...
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