Tweet
Hi,
I am in the process of purchasing our family (childhood) home through the right to buy scheme. I am my mum's live in carer and have been given permission to buy the house in joint names, the discount has been awarded to my mum as she was the tenant. My mum is in her early 70's and at present has no need or intention to go in to a care home, and I don't wish that to happen either.
However, after reading some threads I am anxious to find out the following:
If my mum ever did need to go into care, would I have to sell the house if I owned 50% as tenants in common? We were given a valuation of £75k.
If we were asked to sell to pay for care, we would have to pay the discount back within the first 5 years, so I assume that reduces our assets for means testing during that period?
thanks
I am in the process of purchasing our family (childhood) home through the right to buy scheme. I am my mum's live in carer and have been given permission to buy the house in joint names, the discount has been awarded to my mum as she was the tenant. My mum is in her early 70's and at present has no need or intention to go in to a care home, and I don't wish that to happen either.
However, after reading some threads I am anxious to find out the following:
If my mum ever did need to go into care, would I have to sell the house if I owned 50% as tenants in common? We were given a valuation of £75k.
If we were asked to sell to pay for care, we would have to pay the discount back within the first 5 years, so I assume that reduces our assets for means testing during that period?
thanks
