This may have been asked before but I can't find it, so apologies if it has
We may be in a position where dhs mum and partner will buy a house, rent it to us, and eventually it will be ours.... An interest free loan I guess, with the proviso that it would be theirs in case of emergency until its paid off or they die. My questions, has anyone done this, and what were the it falls to be aware of? I am a little hesitant, or unsure i guess as this has been talked about before and never eventuates, so I am not getting my hopes up.If it did work out it would be great as we'd have a better house than what we are renting now, better yard, location etc, and hopefully an asset one day.
any comments or suggestions?Thanks