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Buying a house to let to my niece. Any pitfalls to consider?

76 replies

Lastgig · 06/06/2025 12:57

I put a post up earlier in the year regarding a windfall I will be receiving shortly. I had some great advice.
My parents had 9 grandchildren, 7 are graduates. Most own their own homes.
My niece has a difficult life. Her partner abused her and she has been left with two children and lives in a council flat with black mould and rats.
Her son is turning 10 this year and she can apply for a house. The average wait time is 7 years.
She does some work but her maintenance is only £60 per week for both children and her ex partner earns £200+ per day. He is a builder. He makes sure he gets paid in cash.
Her parents can't/won't help her.
I'm happy to buy a house and rent it to her and eventually give it to her. I can't do that for three years due to my share holding restrictions.
Sadly I can't do this for all my nieces and nephews.
Any thoughts on downsides? I will give her a lifetime tenancy.

OP posts:
Sazzyking · 04/08/2025 10:55

Hi, just wondering was the mortgage and standard btl or family BTL??

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