+ Reply to Thread
Page 2 of 5 FirstFirst 1234 ... LastLast
Results 11 to 20 of 46
  1. #11
    Join Date
    Jul 2015
    Posts
    6,869
    Thanks
    4,776
    Thanked
    4,210
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    100 Posts in a week
    can you borrow the deposit amount she initially loaned you just to get the caveat removed and get off your backs?

    what's your credit ratings like?

    she definitely sounds controlling, I'd be very hesitant to move in with her.

    another thought: is there anyway you could refinance? obtain a proper valuation and find out how much the house is worth. then borrow the amount she loaned you against the house?

    she didn't buy the entire property for you did she?

  2. #12
    Join Date
    Feb 2010
    Posts
    2,022
    Thanks
    7
    Thanked
    109
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Wow, she doesn't sound like the type of person you should be living with. Sounds like she will control your lives. I am not sure how living with her would save you any money if you're living mortgage free? If you were renting I could understand but I am struggling to see how you'd save much money apart from utilities.
    I am shocked that she's kept the caveat thing on. You'd get it removed if you took her to court for sure but I can imagine your husband probably wouldn't let you.
    What a tough situation.
    Can you sell it, move in with her for 1 week and then suddenly find the house of your dreams which you can buy caveat free? 😂😂

  3. #13
    Join Date
    Oct 2007
    Posts
    2,831
    Thanks
    1,054
    Thanked
    1,215
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    no definitely not was my first thought, and then further reading my second thought was that you would be mad for even considering it. She already has a huge hold over you and moving in with her would give her even more control.

  4. #14
    Join Date
    Jan 2013
    Location
    Newcastle
    Posts
    2,276
    Thanks
    716
    Thanked
    1,109
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    I would say no we have been living with my mil for 5 months while house has been finished and al its done has made me get more annoyed at her for taking over things especially with our dd as she always wanted a daughter didn't have one and now thinks she has a second chance. If hubby is like mine he won't care that yours and kids lives are being inconvenienced and ruined

  5. #15
    Join Date
    Oct 2010
    Posts
    515
    Thanks
    21
    Thanked
    95
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    If your MIL lent the deposit, surely the caveat only applies to the amount she lent you...??
    Seriously, if she is like this over something like you being able to borrow against the house YOU own, to buy a better house for your family, what do you imagine she would be like on a day to day basis...
    You are probably better off selling the house the remove the caveat, renting for six months whilst you look, and then buy another house...

  6. #16
    Join Date
    Jan 2007
    Location
    Newcastle, NSW
    Posts
    6,649
    Thanks
    99
    Thanked
    862
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    So in theory she could remove the caveat you could use the house as equity and get a new house you want.

    But you can't because if her caveat so she wants you to move in with her - sounds very controlling

  7. #17
    Join Date
    Dec 2009
    Location
    Launceston
    Posts
    13,466
    Thanks
    732
    Thanked
    2,355
    Reviews
    35
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    No way! DON'T DO IT!!
    She won't remove the clause to help you out but is happy for you to live with her? Controlling!! No no no.

  8. #18
    Join Date
    May 2011
    Posts
    148
    Thanks
    6
    Thanked
    44
    Reviews
    0
    Quote Originally Posted by turquoisecoast View Post
    I'm surprised your current house is mortgage free yet the banks won't give you the loan. are you not able to use that as security for a loan?

    what about remortgaging your current property to draw on the equity? use that towards your new house. the benefit of this is the interest becomes deductible against any rental income, thereby saving you in tax.

    you guys sound like you're in a decent enough position to obtain a loan. i'd be exploring my options a little more thoroughly first before moving in with mil.

    what's the caveat she has over your house? maybe this is what's prompting the banks to knock back your loan?
    Hi Guys

    Just a quick one. In this scenario any interest against a loan used for a new home would definitely not be tax deductible. This is a common misconception, the deductibility of interest is based on what the loan is used for (the purpose). So even if the debt is secured against an investment property, it was used for a personal reason (a home) so the ATO will not offset that against rental income.

    Couldn't not clarify that because I see it all the time!!!!

    Ps I don't think I would be moving in with MIL if I were you either!!!

  9. The Following User Says Thank You to careermum For This Useful Post:

    Anndrosa  (26-07-2015)

  10. #19
    Join Date
    Mar 2015
    Posts
    330
    Thanks
    60
    Thanked
    214
    Reviews
    0
    The only person who's going to benefit from you moving in with her, is her. She's 75 years old (assumingly divorced or widowed), she would be incredibly lonely. She is probably embarrassed to admit the real reason why she wants you to move in, and that's for the company.

    Given the financial power she already has over you, I would be hesitant to move in. Who's to say she isn't going to turn around and have special conditions when you buy the next house because she allowed you to stay with her for x period of time?

    Don't..... Go...... There!

  11. #20
    Join Date
    Nov 2010
    Posts
    1,719
    Thanks
    334
    Thanked
    642
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    I agree she sounds controlling. I wouldnt move in does your dh realise you wont really be saving if you are already living mortgage free?

  12. The Following 2 Users Say Thank You to Purple Poppy For This Useful Post:

    babycake  (26-07-2015),Chillies  (26-07-2015)


 

Similar Threads

  1. How to move on?
    By unicornsandrainbows in forum Pregnancy Loss Support
    Replies: 2
    Last Post: 18-05-2015, 12:37
  2. How do I get over this & move on?
    By Snooze in forum Pregnancy Loss Support
    Replies: 8
    Last Post: 11-05-2015, 14:12
  3. To move or not to move ???
    By Mellie29 in forum General Chat
    Replies: 8
    Last Post: 06-09-2014, 08:46

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Einsteinz Music
Make music at Einsteinz Music in age-appropriate class in Sydney's Inner West, Eastern Suburbs or North Shore. For ages 6 mths - 4 yrs. All music is live! Christmas Gift certificates available for full term or casual classes. Call 0431 338 143
sales & new stuffsee all
True Fairies
True Fairies is the first interactive website where children can engage and speak with a real fairy through the unique webcam fairy portal. Each session is tailored to the child, and is filled with enchantment and magic.
Visit website to find out more!
featured supporter
Be In Blossom
We offer physiotherapy run pregnancy Pilates, pregnancy Aerobics, and Mummy Pilates & Baby Massage classes with a focus on optimising posture, body awareness, pelvic floor support, back care and maintaining fitness, aiming to assist women prepare and recover from their birth.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!