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Remus2004
Remus2004, Barrister
Category: Property Law
Satisfied Customers: 2447
Experience:  Over 5 years in practice.
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I jointly own a property with my mother who is going into

Customer Question

I jointly own a property with my mother who is going into care, I don't want to sell the property. Will my mothers half of the property be treated as capital?
I have read that it is valued at market value and therefore her half would be worth very little , as the probably the only interested buyer would be the other owner. Is this correct?
How would her half of the property be valued?
Submitted: 1 year ago.
Category: Property Law
Expert:  Harris replied 1 year ago.

Hi, thank you for your question. Just a bit more information required to fully assist you:

-Are you and your mother in England or Wales?

-How old are you?

-Do you occupy the property?

-What is the value of the property and outstanding mortgage?

Customer: replied 1 year ago.
England
59
No
Approx £220K No outstanding mortgage
Expert:  Harris replied 1 year ago.

Who will be occupying the property and is the care proposed for long or short-term?

Customer: replied 1 year ago.
Not happy paying anymore
I will terminate now at get refund
Sorry!