How can I sell half a flat to someone who may not be able to pay me the rest, what other ownership options are there

[RosaGertrudeJekyll]

I cant say too much detail one never knows who is reading or where it may end up.

eg The WRIGHT stuff.

So I inherited a flat, it needs work. I have never done building work, I live a very long way away from the flat.
My friend can't afford to buy the flat and do the building work. HOWEVER she is really keen to buy it and if i can sell it to her - it would benefit me from another asset thats connected - ie if I cant sell her the flat then I would have to selll the whole thing and put the money elsewhere.

Is there legal precedence for some other type of ownership?> She wants to pay me half and pay me the rest monthly but she doesnt have a stable job, and cant guarantee this - she could put her elderly dad up as guarantor but I am not happy with that because he is old, I know the rest of the family our a nightmare so I could get left with half paid flat and her nightmare family.

Is there a way she pays to do it up - then lives there for the amount of the building work + some extra years rent free?
any ideas?

As per your other thread asking the same question, don't do it. Sell on the open market, this is a recipe for disaster.

I thought I have read this story before. I seem to remember so very sound advise why not to do it.

If you are insistent on going ahead I would only sell her half the flat and you keep half the flat and she pays you half the rent (or you could come to another agreement)

You can then use the money to do up the house - your friend should also pay for half the cost of renovations. You will then both own half of a property that is now worth more. When friend is able she can then buy more of the property off you.

The only problem with selling her half is that if something happened to her I would be joint owner with her difficult family.. That would be a nightmare unless she left me the other half or we owned Tennant in common or joint Tennant or something.

I posted in legal on case anyone legal could give me some ideas or someone had done this

This is a disaster waiting for you to sign on the dotted line. Do not do it under any circumstances.

Nightmare to do this. Listen to previous posters! Save yourself a world of trouble

Sell your property either the normal way via estate agents or via property auction (with a minimum price of sale). Then if your friend wishes to buy she can contact financial advisors , banks etc to see if she can get a mortgage or loan. Everything thing needs to be completed legally by a solicitor.

Everyone recommended a normal sale on your other thread ages ago. I don’t really understand what this person has about them that keeps you considering it.
I don’t mean to sound rude but why are you even entertaining this?!

If you want a complicated life and to fall out with your friend, plus some additional stress then go for it.
Your friend is taking you for a mug.