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Implications of buying a house with my sister?

4 replies

SC10 · 07/07/2019 13:01

I am going to buy a house with my sister (mortgage free) and am a bit worried about what would happen if one of us needed to go into a care home, would the other one have any cost implications or need to sell the property to release care home funds?

OP posts:
SC10 · 08/07/2019 06:59
  • I meant to say we are going to buy the house and live there together, we are both in our sixties.
OP posts:
Soontobe60 · 08/07/2019 07:08

If the house is in joint names then it cannot be sold if one of you should need to go into a care home. Neither can it be sold if you live with a relative over the age of 60.
www.ageuk.org.uk/information-advice/care/paying-for-care/paying-for-a-care-home/do-i-have-to-sell-my-home-to-pay-for-care/

SC10 · 08/07/2019 16:23

Thank you so much for replying, that's really helpful information.

OP posts:
AriadneesWeb · 08/07/2019 16:27

If one of you goes in a home the other one can’t be booted out and forced to sell as long as it’s your primary residence. However if the remaining person chooses to sell (e.g. to downsize) they will take the share belonging to the person in the home. So as long as you stay put you’ll be fine.

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