So, advice needed please.
I am currently an OPG Deputy for my mother who has dementia and has lost mental capacity. Following a local authority assessment she is about to enter full-time residential care. As Mum will be self funding, she has a 50% interest in a property she currently owns (but neither live in) as tenants in common with my father, therefore the property will have to be sold to release funds for the care.
I am hoping to purchase the property myself, as I actually currently live in it. My father has agreed to an undervalue sale, as such he will gift his share of the property to me and I am proposing to get a mortgage to purchase mums half at the appropriate market price ie. the house values at £180,000 and I intend to purchase my mums share for £90. This will then go towards her care.
My questions are threefold
1. Would the OPG have any objections to this? My brother, who is also a deputy will act on behalf of my mother, and he is agreeable to the purchase.
2. Do we need to obtain any further permission to undertake the transaction on my mums behalf? My brother and I are OPG Deputies - which includes the power to buy and sell property for my mother.
I would appreciate any general thoughts or advice on this matter
I am currently an OPG Deputy for my mother who has dementia and has lost mental capacity. Following a local authority assessment she is about to enter full-time residential care. As Mum will be self funding, she has a 50% interest in a property she currently owns (but neither live in) as tenants in common with my father, therefore the property will have to be sold to release funds for the care.
I am hoping to purchase the property myself, as I actually currently live in it. My father has agreed to an undervalue sale, as such he will gift his share of the property to me and I am proposing to get a mortgage to purchase mums half at the appropriate market price ie. the house values at £180,000 and I intend to purchase my mums share for £90. This will then go towards her care.
My questions are threefold
1. Would the OPG have any objections to this? My brother, who is also a deputy will act on behalf of my mother, and he is agreeable to the purchase.
2. Do we need to obtain any further permission to undertake the transaction on my mums behalf? My brother and I are OPG Deputies - which includes the power to buy and sell property for my mother.
I would appreciate any general thoughts or advice on this matter