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We bought a house from my father in law, no estate agents involved, apart from getting a fair market valuation.
One thing we found was that a lot of lenders were really odd about it, and wouldn't lend to us at all, as they didn't lend on family purchases, we found a broker was invaluable in getting past this (we ended up with Coventry, but Halifax were also willing).
Would you be buying at market value or below? If it is below market value, then inheritance tax becomes a potential thing, and if the seller is due to pay capital gains they would pay at the value of the house not at the purchase price.
Sam_w
What are the issues with buying from a relative or friend etc? Is it possible or desirable to do it ‘off market’ and has anyone done this? Can you point me in the direction of the thread if the convo already exists here? (I did do a quick search). One factor is I have one of these help to buy isa things and I want to know what happens to my 25% ‘bonus’ if I go done this path. Thanks