Someone else posted a question on here and it got me thinking about something my brother said the other day.
Bit of background. We don't really get on. We're different. I've been married 20 years, he's been divorced, various kids by different women, getting married again. Hes been bankrupt, in trouble with taxes nearly went to jail etc. Never had his own house, crashes at mates, women hes with, or rents off a mate.
Dads Will I know is 50/50. Knowing Dad that's all that's in there. Half his money, half his flat.
His flat is strange. Its shared ownership with a housing association. He pays part rent on the 40% he doesn't own. The 60% he does own is probably worth £70-£80K. Rent on the rest is pretty low. £200 or so a month. Other assets is saving prob £40K.
You guess what brother has in mind - not having his own place..... He's got his eyes on the flat. Knowing him he'll be thinking great I'll just move in.
Of course, in theory, if he wants to "own" the flat he'd need to buy my share off me (i.e £40K) - which, even with his share of savings (£20K) is not something that is going to happen.
Can guarantee he will assume he can live there and have the flat and pretty much won't understand that, half of it, at this point would be mine. He's not the sort you could trust to pay you either. Many years ago I bailed him out of having his car repossessed (I was skint too!) and despite promises after promises he NEVER paid me back.
Can also guarantee that if I push it I'll be the bad one whos trying to throw him out?
Guessing I'm not the first person ever to have something like this...