My dad is 88 and has VD and lives on his own with carers coming in 4 times a day. My husband and I are both on pensions and we live 6 miles away in the next valley. My son also lives at home with us. We decided to convert our garage into an annex for my dad to come and live with us where he'd have his own place yet still be part of the family. The idea being that we can keep a closer eye on him. Due to builder problems this work was put on hold and now to confuse things even more we have been approached by a local supermarket offering to buy our house so they can extend.
We have had our house valued and the supermarket chain is offering a % above the market value. The problem we now have is that to purchase a large enough property we need to pay more than we are going to receive if we sell even with the extra %. My dad owns his house so we'd need to sell it for him to move in with us. I'm the only sibling and have POA to deal with all his financial affairs. Would we be allowed to use part of the proceeds from the sale of his house to put towards buying the new property which would be dads new home as well as ours. Or should I seek legal advice from a solicitor?
I hope I'm making sense in explaining this.
We have had our house valued and the supermarket chain is offering a % above the market value. The problem we now have is that to purchase a large enough property we need to pay more than we are going to receive if we sell even with the extra %. My dad owns his house so we'd need to sell it for him to move in with us. I'm the only sibling and have POA to deal with all his financial affairs. Would we be allowed to use part of the proceeds from the sale of his house to put towards buying the new property which would be dads new home as well as ours. Or should I seek legal advice from a solicitor?
I hope I'm making sense in explaining this.
