Name changed for this (I hope it's worked!) and sorry for the long post.
My mum and stepdad moved to France 9 years ago and bought a 3 bed house. Mum invited her parents, my grandparents, (then in their early 70s) to come and live with her so she could look after them in their old age. They agreed. They sold their home in the UK, and used about half the money from the sale to build a very large extension onto my mums house. So it's effectively 2 homes melded into one and joined by a shared kitchen. My mum did not put their names on the deeds of the house (more on that later)
My grandparents used the majority of the rest of the house sale money to travel the world. When they returned they decided they didn't like France after all and moved back to the UK. Leaving my mum and stepdad with a ginormous house to live in.
Many arguments followed, as my grandparents wanted the money they'd put into the house back so they could buy again in UK. So mum put the house on the market about 3 years ago. However the French property market has dipped since she first bought it and the whole 2 house structure is only worth the same as the price she paid when it was a 3 bed. Even if she sold it for the asking price my grandparents couldn't afford to buy a house as they have spent most of the money they had travelling.
Thing is my mum doesn't actually want to move. She was happy in her 3 bed home and will lose money in then house sale (she is mortgage free btw). Also there are repairs they've had to carry out on the house. Mum has paid for them and written down how much they cost and will be deducting half from my grandparents cut when the house sells. She hasn't actaully told them this though (and this is why she hasn't put their names on the deeds in case they want to walk away without 'paying' their half for the repairs). These repairs include stuff done to the original house as well as the extension. She's also paid for the extension to be heated in winter so that pipes don't burst and has put this expense on the list.
Mum is beginning to struggle financially and is using the extension now as a B&B to get extra money (mum doesn't work but her husband does). Again my grandparents don't know this in case they ask for half the income. They are on generous pensions and are currently renting.
So everyone is tense and worried - my grandparents want the house sold so they can atleast reclaim money for the inheritance of all their children and mum doesn't see why she should sell the house as they chose to build and move. WIBU? And is there any way out this dilemma? I'm stuck in the middle at the moment as both parties use me as a sounding board.
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AIBU?
WIBU re French house?
30 replies
LeFrenchDilemma · 30/11/2014 21:16
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