Moving into parents? Am I mad?

[Teesstar]

Ok so parents have their house, separated but not divorced all amicable both have partners they now live with after 6 years. 2 years left of mortgage, dad out of work and ready to retire to be fair! Brother is moving out of the house as is ready to spread his wings. Dad has lived in the house and paid the mortgage up until his job loss in November.

I have offered to move in and pay what I am for my rented house.

But I feel a bit uneasy? Will this really work? What if they want the house back, I have 4 kids I am uprooting too from their lives to move them 10 miles away from friends, schools, colleges etc!

Has anyone else done this successfully?

I suppose it depends if you all get along, OP

My DD has died now but I would have lived with him, as we were like kindred spirits and got on well . Sadly my relationship with DM is not like that and never would be . I couldn't do it with DM as both of us can cope 2 days and nights together , 3 tops . Really up to you and how you think it would go.
I assume you are thinking of this to help him money wise after his job loss ?

Will your Dad still live in the house? Whatever you do it would be wise to do it legally and have a proper tenancy agreement, and discuss permutations like what if they want to sell. Whatever you agree draw up something legally tp protect both your and their interests

I have moved back into my DF's after a marriage break up. I am paying rent, which is helping with his money situation. I think paying rent helps the power balance, and to be honest I enjoy his company.

The only thing that may cause issues is his new partner. How does she feel about living with you and 4 kids? Do you get along well?

I thought ‘no big deal’ until I read about your 4 children. Will you all fit into the house? It’s easy not to get on when you’re on top of one another all the time.

You’ll be a lodger not a tenant so will have next to no rights, so a tenancy agreement won’t help you much.
What do your kids think? And is the house big enough?

I’m confused

What’s in it for you and your children?

I read it as the parents both have new partners and live elsewhere and OP is thinking of moving into it with her 4 DC. Her parents won't be living with her. Have I understood that correctly OP?

Are your parents likely to want to sell the house in 2 years when the mortgage is paid off and split the amount between them?

I would be wary of doing this without a legally-binding agreement.

I read it as the dad is still loving there. How did this situation come about op?

Your post isn't clear. Who all will be living in the house? What will happen to the house once the mortgage is paid off?

I moved in with my mum to help her pay the mortgage.
I loved my.mum and we'd always had a great relationship
I hated every minute of it
Unless you have no options dont do it. If you do it, have ground rules from day 1
Luckily ours was a short term thing and didnt ruin our relationship

Ok so parents have their house, separated but not divorced all amicable both have partners they now live with after 6 years.

Does that mean your parents both live with their new partners and the house is empty rather than all four of them living together and you joining them??

So uprooting your children to pay off your dads mortgage essentially? Cant he just downsize if its big enough to house you all

Is your Dad still there? Does he want to live with your four kids? How does your dp feel? I don't get why you would do this to pay the same amount of rent and have to move four kids?

Yeah I probably wasn’t clear in my OP

The house will be empty, brother is moving out in 3 weeks, dad has already left essentially, and mum lives about 30 miles away!

Met up last night with them all. They don’t intend on selling after the mortgage is paid in 26 months. But my rent payment will continue to be paid but to split between the pair of them.

So it will be me and my 4 boys living there (21,17,15,10).

Again, OP

Where’s the benefit for you?

A lot of 'what ifs' here. What if you lose your job, the younger kids dont settle, your parents want to sell after the mortgage is up or just want more rent? I'd not risk any of it, suggest they rent out to 'proper' tenants. That way they can get paid the mortgage amount and any more that's reasonable on top for their retirement.

Why are you uprooting your family for this?

i dont get the benefit either unless you are in receipt of any proceeds once its sold...in which case have it in writing, even with family.

So it sounds as if they want a tenant, and the idea is that you'd be a nice tenant they'd trust, and they wouldn't have to worry about some of the issues they might if renting it out commercially.

However I think the pros need to outweigh the cons for your family too. Are they going to move school/college, or are you going to have a hefty transport bill? (There will probably be at least some transport costs to stay in touch with old friends, whatever.)

If you're happy where you are, it's probably better that they find themselves a letting agent. I guess the biggest problem is that they may need to negotiate with the mortgage company if their current mortgage doesn't allow them to let it out. However that might well apply if you're renting it too.