Buying a flat for nanny

[UnicornRidge]

Can any wise men/women share their experience?

We are considering buying a 1 bed, or 2 bed flat, close to our family home, for our future nanny, when we move back to the UK.
DH is not keen to live with a stranger, albeit on a different floor.

Both of us work long hours. Live in is a better option. The going rate for a nursery place in central London is £2k per kid. It can easily add up.
If we get a two bed and rent one room out, can we rent it out on a lodger contract? The bills will be in our name.
When we terminate the nanny contract, do we have to evict the nanny through some special procedure?
Regarding tax, is it a benefit in kind that is taxable by HMRC?

Thank you!

Stop caring about not being warm. Ffs. Landlords are vile.

You flip houses, nuff said.

This is a classic 'nicer problems' thread.

You are basically looking to employ an imaginary nanny for your imaginary child and make money via your side hussle as well as providing round the clock care for family, who don't yet need it.

I'm wondering if you would benefit with some actual problems to focus on?

and you wonder why Mumsnet has a reputation for being full of unpleasant people.

OP, I don't know why you are getting so many snide replies. They are pathetic. It's a perfectly sensible question.

I would think it’s easier just to buy the second property as yours. With an agreement that the nanny lives in it. No renting rights as mortgage paid by you , just an extension of a house with your role. You become a service occupier (as per linked in previous poster).

A contract would need to be agreed that sets our expectations.

You are a landlord of HMOs plural and residential let but you don't understand how tax on property works? Surely you have advisors if you are already in this situation? Nanny employment advice can usually be found at decent nanny agencies.

However if your primary concern when employing a nanny to work very long hours is that they will rip off your heating bill then I'd question whether you are ready to be an employer.

Your primary concerns seems to be your pocket here, but it sounds like you have resources to make choices. So what environment will suit your child best?

Thank you. I don't mind if it makes them feel better by directing their cost of living struggle and anger at me on Mumsnet. I don't lose anything and it makes them feel better. A good deed a day.

People blame landlord and slightly better off people for their struggle, without holding politicians into account.
High rent = not enough property = local council not approving plans to build. They blame high rent on landlords.
Instead of making multinational and billionaires who dodge taxes pay their fair share, they direct their anger at the slightly better off people.

When people think you are rich, they think they have the right to steal and hurt you :) I have learnt it by experience.

Asked on MN as I believe there are some families with the same issues here. It is much more complex than pure UK property tax. They can PM me if they don't want to make themselves known as "rich" on MN.

Why don't women support other women? I work in a male dominated industry. Almost all of my peers have a stay at home spouse. I need to travel for work.
Why is it always the woman who has to give up her career and take on all childcare responsibility? Taking on less hours is not an option. Don't you all want to see another woman breaking the glass ceiling?

I need round the clock childcare and care for elderly parents. Why are you attacking me for preparing for my future without using public funds?

I won't respond to any reverse snobbery post. I ask you to think about your DD before posting. What if she wants to take on a high flying job, travel around the world and have a family? Are you going to jab her like how you jab me?

Poor, persecuted rich people.

This just sounds like a really crazy plan. Hire a live out nanny rather than buying a flat and trying to rent one room out while housing your nanny in the other. Also not sure what you mean by ‘a carer too.’ Will a carer also be living in the flat, because a nanny won’t also do random care work.

And a couple of miles isn’t much to travel for well paid nanny work! So don’t worry about that.

If you need round the clock childcare and you both travel for work you need a live in nanny (and back up childcare for when you travel as nanny can't work 24/7). Or two nannies on a shift system (friends did this). One live out nanny won't meet your needs - no matter what housing you provide.

Life is not transactional and the best laid plans can go awry. You cannot micro manage everything in life... children very much. What happens if they are disabled? You have twins?

And it's not 'reverse snobbery' to say lots of women work full time in difficult circumstances on here. Without the aid of live in/ live out nanny's who use up the central heating. You are hardly a pioneer...

You want advice on how to plan tax wise whilst lambasting millionaires who don't pay tax proportionally? And own HMO's?
And poor people want to steal from you and hurt you? (Let me find my hankie)

Some people need to rent houses so other people need to be landlords. Very weird attitudes on here. I’m not a landlord and I don’t use childcare but I don’t feel the need to slag off OP because she’s in a different situation.

I don't mind if it makes them feel better by directing their cost of living struggle and anger at me on Mumsnet

I’d guess I’m richer than you, and I still think you’re overthinking this and creating problems that don’t exist.

Do you have children?

Outsourcing life for a job is tragic

Are yoy looling at a 3 bed flat - 1 rooom for nanny, 1 for carer, and 1 for a tenant (since you mention BTL)?

That's quite a lot of risk to build into the transaction and the 3 way share may fent the desirability

It appears the op thinks if nanny lives in my flat I can use her services whenever I want at the drop of the hat so if I decide today I'm out until 1am then tough nanny is working

I know a few nannies who live in flats the family have rented for them to live in.

so the family cover all rent and expenses etc