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Original poster

Any Rightmove experts help me out with this?

32 replies

0WLY · 14/10/2023 22:23

So, my mother has proposed that as she is getting frail we could both sell our properties and we buy one with an annex. She can't look after her garden now but doesn't want to live in a flat or go into a home.
Our properties are both worth about 5-550k I think. So about 1 million to spend.

The problem is I have no idea how to filter for properties with an annex, is it possible? Any tips? Or anyone want to find one for us?! It needs to be in Sussex for our work.

Possibly not enough money though?

OP posts:

FOJN · 14/10/2023 22:44

On Rightmove at the top of the page it says "prioritise properties with..." and you can insert a key word. I put in annex with a max price of 1 million and 1289 properties came up. I didn't add any other criteria and obviously haven't looked at them all!

INTERNETEXPL0RER · 14/10/2023 22:46

If your siblings have a lot more money than you , will they be happy if your mother leaves her whole estate to you? If she doesn’t , how will you buy them out of their share ?

If they are not happy, will they challenge her will or fall out with you ?

Does your mother have a will and POA now? Does the current will leave you everything and do your siblings know that ?

will your siblings oppose your mothers proposed house move ? Because they will probably work out the financial implications for them?

Are you or your partner willing to give up your work to become FT carers for your mother, if she needs it ? Because that’s probably what she will expect, if she’s suggesting this arrangement .

SiouxsieSiouxStiletto · 14/10/2023 22:46

You need to read up on, or ask in the legal section about deprivation of assets before committing to this.

Interested in this thread?

Then you might like threads about this subject:

Property

SahliJ · 14/10/2023 22:50

0WLY · 14/10/2023 22:31

Ok thank you. But I can't see that any of those have an annex actually

Show quote history

They have, some detached, some as part of the house.

truptantripping · 14/10/2023 22:55

The language in this is a bit odd.
She only "told" you this morning... does she usually tell you to do things and you comply ?
I'm not being rude - I know it sounds it- I mean are you happy or going along with her idea because that's the usual pattern?

Another thing to consider alongside inheritance tax points, your partner etc and your siblings.

LolSpinner · 14/10/2023 23:26

DH are much less wealthy than my siblings who both live in expensive houses with no mortgages, she maybe thinks that this is a way to leave us some more money. But it could create a problem with them and I don't want that

I think you need to give this an awful lot more thought.

StickyProblem · 14/10/2023 23:41

FYI we have an annex and if it has kitchen facilities then you can get out of some stamp duty when you buy it, but then you have to pay capital gains when you sell it. We were badgered by solicitors offering to get us stamp duty refunds when we first moved, but as the annex doesn't have kitchen facilities it didn't apply. Sorry, even more complexity!

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