As many of you know, dad went into a nursing home earlier this year and I'm in the process of clearing his house out in order to sell or let it.
In favour of selling is that it's in a bit of a mess - not really had anything done to it for 20ish years and would need new bathroom, kitchen and fully re-decorating in order to let.
In favour of letting is that it would continue to bring in some money and so dad's nh fees wouldn't simply be eroding his capital.
It struck me that another option might be to sell dad's house and with the money buy somewhere that was more suitable to let, and let that instead.
Anyone know if this is permissible under court of protection, or anything i should be wary of in trying to do it?
thanks
Áine
In favour of selling is that it's in a bit of a mess - not really had anything done to it for 20ish years and would need new bathroom, kitchen and fully re-decorating in order to let.
In favour of letting is that it would continue to bring in some money and so dad's nh fees wouldn't simply be eroding his capital.
It struck me that another option might be to sell dad's house and with the money buy somewhere that was more suitable to let, and let that instead.
Anyone know if this is permissible under court of protection, or anything i should be wary of in trying to do it?
thanks
Áine