As lawyers, we are seeing an increasing number of cases where family members are pooling funds for shared ownership houses to live in together, or where an older member of the family pays for an extension or “granny annexe” to their child’s home.
Undoubtedly this trend reflects the fact that people are living longer, coupled with uncertainties about the funding of future care. As a result, people understandably prefer to be cared for in their own home by a relative.
The legal and practical implications of shared living situations with family can be complex; here are our five tips to make the transaction go as smoothly as possible.
Here at Astle Paterson, we have specialist Property and Wills Lawyers who can guide you through the process.
If you would like to contact us for advice on shared ownership houses, you can choose one of the following:
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