Parents want to retire; should they sell or retain property
Parents want to retire; should they sell or retain property
Author
Discussion

jesta1865

3,453 posts

239 months

Monday 29th June 2015
quotequote all
hi i am not in anyway an expert on money or property, just need to look at my bank balance and size of mortgage to realise that smile

my comment is simply that if your parents are anywhere near the midlands I know a guy that is based Coventry way that does property management and lettings etc and I could put you in touch with him. I am fairly sure they do this sort of thing for a number of landlords.

if nothing else it may be someone your parents could get an idea from as to how it would pan out, he would at least know what the markets would be like etc.

If that's too far away, sorry, good luck with it.

if it's anywhere near essex let me know i'll have a go smile

Ginge R

4,761 posts

249 months

Monday 29th June 2015
quotequote all
.. are the businesses umbrella'd into a holding property Ltd company, or are they all owned/mortgaged directly by your parents? What's their view on IHT and gifting? I wouldn't bother too much looking at the scenarios just yet - the 'perfect' technical solution isn't probably the one that's most relevant or most important.