strivingforgodsglory
New member
Hey all! Basically me and my dad have seen a decent property selling at auction that we like, he is currently paying a boat load in rent and can’t really afford it (I’m in a flat I own outright). The basis of us buying it is that we go half for all payments of buying it (deposit, mortgage, legal fees etc), he lives in it while paying half the mortgage until that’s paid off (10 years) and then lives in it for free, but once it’s paid off it gets transferred over to me and he lives there rent free. The guide price is £45k bY, we’re hoping for the lower 40s. I just thought I’d g. everyone’s opinions and gauge whether other people think it’s good or bad idea. TIA