My stepdaughter and her 2 children have been living with us for 3 months now following the death of her husband.
We live in the north of England and they until his death they lived 200 miles away.
She is fortunate in that after her bereavement leave her employers have found her a suitable job in our area.
She has now had her house up for sale for 2 months with no luck, she also has an eye on a house to buy in our area when her house sells.
Unfortunately, things at our house have become very stressful (particularly for me as her step mother) having 3 extra people in the house and i have been getting very ill with it.
My husband has come up with an idea, which suits his daughter and me and i'm wondering what you all think?
This is the idea - me and hubby buy the house she wants, we would have to take a an approx 80k mortgage (which shouldn't be a problem)Step-D and GC move in. We agree to pay the mortgage until her house sells (as she is mortgaged to the hilt and cannot afford any further rent or mortgage at the moment)then when her house sells, she buys the new house off us at cost price.
This seems such an easy solution so i'm sure i must be missing something. Can anyone tell me what the potential problems might be?
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