I know this can't work but hear me out

[CrazyBatIknow]

My sister and I will inherit a 4 bed detached house on the edge of a village. Will go on the market for approx £400k.
The close that the house is in is occupied by 8 other houses. All lived there for 30 plus years.
This is a hypothetical situation currently but I want to sell it for £200k (approx) with caveats about not reselling in a certain amount of time, allowing a young family to move in to a house they couldn't thus afford. I may sound a complete twat- my sister and I would love the money but £100k each would change our lives immensely plus another family's life. What haven't I thought of? Am I a complete knobhead?

Just sell it for market value and pocket the cash. Donate all the cash to charity if you must, but why mug yourself (and your sister!) off for plaudits? I don’t get it.

It is never too late if you think it could help.

If you can't afford to buy a house, how do you plan to pay for yourself in retirement? That 100k could be used to keep the lights and heating on when you retire. Or if you're feeling altruistic, 25k each to help your children buy their own homes. More than 25k if you invest it for them.

You don't actually own a home of your own and you're foregoing £200k to enable "someone who can't otherwise afford to buy one" (which presumably includes yourself!) to buy one at half the market rate?
This is not just daft, it's actually insane.

As lovely as the idea is, what’s stopping someone who could afford a much more expensive house from buying it? Also, if they can’t afford the house at market value they may not be able to afford to run the house (heating, council tax etc), depending on their situation.
Personally, I would sell it for market value, but maybe ask for a little statement as to why those people want to buy the house, and then maybe you could pick a family? (I don’t actually know if this is a done thing, but when we were in a final offers situation we put a little paragraph together just explaining that it would be the perfect property for our growing family).

I am sure you don’t mean to seem like a twat yet you still managed it.
I repeatedly said I was musing, pondering if you prefer. I repeatedly said it isn’t a current situation but something that will happen in the next few months. Read my bloody thread title at least! Not navel gazing. I am allowed to think and ponder what I would do in an ideal world. I am allowed to ask others what they think. Nobody has to respond if they don’t want to.
No I don’t want to see my children go without but nor do I take any joy in getting what I perceive to be blood money. Maybe that means I am still fucked up in the head. I want to see a happy family who couldn’t otherwise afford it in a decent family home. I realise I can’t realistically make that happen. I realise it doesn’t make sense.
Jeez been on mumsnet 15 years and sometimes you just want to discuss shit with others (unrealistic or not) where is the harm?

‘You can’t fix the system or the past’

Fucking hell that has hit home. That’s it. That’s the problem.

You clearly don’t read very well. I am a single mum of 4.

It's so totally insane it's got to be a windup.

Has nobody ever had a thought and just wondered how plausible it was? And just wanted to chat it through despite knowing it was totally ridiculous?
I am not on a wind up. I have been on here for many years, met many mners. Been on lots of meet ups.
It was what I literally said in the title and then repeatedly in my posts. Just a muse. A ponder.

I have a decent family home that I pay for myself by working full time and very hard for thank you very much. Just because a computer won’t give me a mortgage don’t presume to know anything about me. I pay a lot for my rent and no I don’t claim UC.

I completely get where you're coming from OP. I had an abusive mother, who had weird hangups about money, and i was berated for not being appreciative/grateful. I was given things and then later called spoilt. Etc.

It's more complicated than I can explain in a paragraph, as are all situations... But I can completely understand feeling very uncomfortable with an inheritance, feeling it's "blood money" and can see why you're pondering ways to handle that.

I've no easy answers I'm afraid.

Why would you not invest the money for your own children so they don’t have to live like you do now? If my mum did this to me I don’t think I would forgive her

How do I live now? What do you mean by that?

Thank you. It is complicated isn’t it? I will of course do right for my kids but as I have said repeatedly I was just musing.

Do not do it. Someone will move in and then sell it on for a huge profit. And they won't be lovely - they'll be property developers.

The family--- They won't necessarily be a lovely happy grateful family with three delightful children. They may be a horrid family with three ASBO teens. They may start complaining that the neighbours are all old people, or that the roof is in poor condition - you never know. You can't control it.

I gave something to someone once - quite valuable because I thought it would be of use to them. They sold it on and made quite a lot of money - and I felt like shit, like a mug, made a fool of, betrayed. (Read the "Passed on the baby clothes" threads for a taste)

Sell it for full price. Take the £200k. Invest it for your kids - they may well need it.
(But OP, I admire the way you want to do something good)

They mean that with this money you could give your children the chance to own a home.

You didn't get that chance.

You have a very painful life story. It may be that is clouding your thinking.

PPs suggesting that of course OP could buy a house with a £200k deposit - she may not be able to buy one large enough to accommodate her DC as her income won't cover remaining mortgage or she may currently be in receipt of UC or Housing benefit which wouldn't be able to transfer across to pay a mortgage.

OP, I think although this is a lovely idea, the pitfalls PP's have mentioned are too great. Sell the house for market value. Use the money to make your life easier, give your kids a house deposit, support charities that you would like to.

Some posts are a bit harsh, this isn’t AIBU! On the other hand, I do get the underlying WTF? sentiment.

OP - your musings aren’t wrong. I can often spend time thinking of random ways I’d like to help people if I had a lottery win. It is not always Lady Bountiful thinking, it’s often thinking of situations you’ve been in and making it easier for someone else to not go through that.

However, I don’t think it’s a good idea for you. You need to sell at the best price and then use your share in the best way to benefit you and your children.

Am not expecting you to divulge figures, but am finding it a bit hard to imagine how this couldn’t help you purchase your own home. A £200k deposit is a significant amount, are you in an insanely expensive area of the country? How much is your rent per month vs what a mortgage could be?

If a mortgage really is never going to be possible, and no need for you to explain why, then I’d be looking to invest the proceeds fairly safely for the benefit of your kids. Maybe keep £10k in an easy access account - to be kept as an emergency fund. Put £5k in another easy access and use it to have fun experiences with your kids. The rest, I’d spread across the best fixed-term accounts you can find, bearing in mind the £85k per account “insurance” if a bank goes bust.

You may not be able to utilise the money now re a mortgage etc. But using it sensibly could mean that your kids get more choices later down the line in their lives. TBH, you’d be a bit of a dick for not putting them before some random family.

I've got two children OP. When can I move in?!