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Hi, I am 45 and have lived in my parents house since I was 2.
My widowed mother (75) has agreed that she will arrange the will so that I will have right of occupancy after her death. My older brother (lives elsewhere) has agreed to this.
Prior to this agreement I had thought I was going to have to find a home of my own. However, I have a good relationship with my mum and it helps my being around. I would also struggle on my current wage to fund a mortgage without having very little left to live on. I have had a lot of personal problems in the past so the security is important to me as is the stability of the arrangement.
So, I would like to stay in the family home and thus not have to worry about finding a mortgage.
My brother does not want his share of the house when mum dies as he was sufficient money and wants me to have a secure future as regards housing.
My question is, given the risk of getting a mortgage, is the risk of staying here and one day my mother needing long term care a wise choice? She is in good health and no issues but of course you never know what might happen 5 or 10 years down the line.
In the worst case scenario, would the local authority turf me out of the house in order to sell it? I have helped out with bills (plus paying housekeeping etc) and keeping the place up together over these many years. I understand they do not count other relatives living in the home who are over 60. However, is there any chance they would look favourably at someone like me?
I find myself in a difficult position as to best course of action. A mortgage would be virtually unsustainable but being made homeless in years to come is also of course a worry.
I actually think there is more chance of my mum needing intervention if I moved out and she was on her own. We both have quality time and it helps all round. I wondered if in later years the local authority might look on me as a kind of carer?
Any advice or insights on this would be much appreciated. Thanks all.
My widowed mother (75) has agreed that she will arrange the will so that I will have right of occupancy after her death. My older brother (lives elsewhere) has agreed to this.
Prior to this agreement I had thought I was going to have to find a home of my own. However, I have a good relationship with my mum and it helps my being around. I would also struggle on my current wage to fund a mortgage without having very little left to live on. I have had a lot of personal problems in the past so the security is important to me as is the stability of the arrangement.
So, I would like to stay in the family home and thus not have to worry about finding a mortgage.
My brother does not want his share of the house when mum dies as he was sufficient money and wants me to have a secure future as regards housing.
My question is, given the risk of getting a mortgage, is the risk of staying here and one day my mother needing long term care a wise choice? She is in good health and no issues but of course you never know what might happen 5 or 10 years down the line.
In the worst case scenario, would the local authority turf me out of the house in order to sell it? I have helped out with bills (plus paying housekeeping etc) and keeping the place up together over these many years. I understand they do not count other relatives living in the home who are over 60. However, is there any chance they would look favourably at someone like me?
I find myself in a difficult position as to best course of action. A mortgage would be virtually unsustainable but being made homeless in years to come is also of course a worry.
I actually think there is more chance of my mum needing intervention if I moved out and she was on her own. We both have quality time and it helps all round. I wondered if in later years the local authority might look on me as a kind of carer?
Any advice or insights on this would be much appreciated. Thanks all.
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