We are contemplating building a small bungalow at the bottom of our garden. The bungalow build will be financed by my mum but obviously the land belongs to us. The bungalow will have it's own entrance via the highway and will be cordoned off from our garden through fencing and/or hedging. But we may have some 'issues' regarding the ownership of the house and what happens when my mum passes on.
Mum wants to pass the house onto her grandkids (our children). Whereas I am fine with this, my DH is not. I think he is worried about what would happen to the house when the kids take ownership. He envisaged that the bungalow be willed to us, we move in, sell our house and thus the bungalow and any other assets pass to the kids when the time comes. He says there is a line of inheritance my mum needs to follow. As it is, not sure the kids would know what to do with a bungalow on their parents land at a time when they are likely to be at university, in their twenties establishing a life elsewhere for example or with family of their own. I think my DH is worried that mum or the children would try to sell the house and we would end up with strangers, in effect, living on our land.
Am I right in thinking my mum nor the children could sell the bungalow or rent it out without our agreement because we own the land it is built upon?
Not sure how to go about doing this except that technically the bungalow would be 'leasehold' because we own the land.
Finding this all so confusing but would be grateful to hear of other stories with a similar background and how you went about the legalities.