Hi All,
My aunt lives alone in a Corporation house. It's my late grandmothers house, my aunt was born and raised in the house as was my mother and all of the family. Money was always tight so the house was never purchased. The house is very basic and old fashioned by today's standards. My aunt is on disability, heading into her 60's and has no family of her own so she is definitely not in a position to buy it especially as houses in the area are selling for 500 grand or more (I know she is entitled to a discount for a max of 10 yrs she's been living there, am I correct?)
She has decided she no longer feels comfortable living on her own and has asked me several times if I would buy the house and move in with her. She is open to renovation, possibly 2 apartments so we could have separate living spaces, her on the ground floor so she doesnt have to worry about stairs.
We get on brilliantly, have always been close and nobody else in the family is really in a position to do this but Im not even sure how to start going about this or if its even feasible? Its practical for me as its close to the city center and all the family and ideal for gettin to and from work.
If it matters, I was also born in the house. My birth cert has that address on it. We lived there for almost 2 yrs after I was born.
I own a house myself that I have rented out. Have a mortgage, which I have to contribute towards each month. Rent doesn't cover full amount so I contribute approx. 200 euro a month. If need be, I would be open to selling this house to raise funds.
Any advice or guidance would be so greatly appreciated.
Thanks!
Jen.