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I don’t care if he owns it it is about him not being able to force me to sell so he can walk away with his share which will be much greater than what he came with, there will be contracts in place that won’t allow him to the only thing is that ill have to take over the morgage. Maybe I’m explaining it wrong but my mum had a contract like what I’m describing with her mum and my dad. In a perfect world I hope that it wouldn’t come to that but I want to be prepared and would really hate to have to sell a property that has been in my family for over 60yrs because we weren’t prepared.
Hey Thanks for your feed back so far I was discussing with my mum and we think that we might try to go about it by leaving it as one block with the one title but put my partner and myself on the title aswell and have it written up that no party of the title can will their share or force for sale. This way my partner and myself will have a morgage where as my parents don’t and Build the unit/ house if plans are approved and all permits are in order and then subdivide at a later stage if we all agree. At the moment these are just ideas, let me know what you think.
I think if we go this way I won’t be able to get the FHBG is that correct?
I know I will have to speak to many people like town planner, developer and solicitor and so forth.
