My situation: separating from partner. Joint own a house which I will get circa 50k from when it's sold. Can get a mortgage of around 70k on current wages. My grandad recently passed away and when his house sells, my mum wants to gift me 50k as I'm not a direct inheritor.
My mum's situation: owns a property worth circa 350-70k. Is selling my grandads house currently which she will see around 200k from, minus 100k that she is planning to gift to me and a sibling.
We want to buy a property which is on the market as one property but is actually 2 semi detached houses on separate titles, the owners have knocked through to make a door downstairs making it possible to use as one property. The EA told me they are marketing it as one because it was valued higher like that but not much interest because of the issue of it being on separate titles and with the knock through it's harder to get a mortgage on apparently.
We are viewing it soon but have no idea how to proceed if we like it. Together we can afford it but my mum probably can't afford to buy it herself to then sell me one of the houses which was how I originally thought it might work. It seems really complicated and involves us selling 3 properties to be able to proceed with the purchase. I don't know how much the houses would be valued at separately but that might be a way to proceed, buying separately from the owners if they were willing but then what it the chains don't line up! Also I would need a mortgage for my house whereas my mum wouldn't, she is retired so I don't know if we can buy jointly, which might be an option. My mum wants us to own a house each and brick up the joining door so that when she dies there isn't a row over inheritance with siblings, but that could be sorted at a later date.
Anyone been in a similar position or works in conveyancing/mortgage advising that could help please?