Ok this is a bit of a story and I feel sure I read somewhere it was possible to do this.
My 78 yo mum has 2 houses. The first she lives in and is paid off. The second she bought because she thought watching the tv programmes 5 years ago it was a good idea. Sigh....
Basically DH, DS and I ended up gutting the house and setting it up in immaculate rental condition. new kitchen, nice bathroom, no artex, ch, magnolia etc. Anyway we live abroad, mother is too old to manage the house, we cant sell it and have had no end of problems with the allegedly reputable managing agent. 3 times even after references we have had tenants not pay, etc.
My question is can I get the council or somebody to use it and pay us rent? At the moment we are on a hiding to nothing so I really cant think of a way out. If we could even sell it we would get less than she owes. The Abbey as were got her to cash in a policy to pay the deposit. The purchase price was 180k, the dep was 85k and now it would probably only fetch 120k if we could find anyone to buy it. Quite frankly I would love someone to take it off her hands. The tax situation doesnt bear thinking about but thats another story.
Any ideas or advice? TIA