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lemonade
I'm a daily user on here but posting (even more) anonymously because the topic is a bit sensitive.
I'm about to come to the end of my first five year mortgage term. In the time, my dad has passed away and my mum has been left with a lump sum from his pension as he died before pensionable age (in lieu of a monthly pension if he had died at pensionable age).
She gets very stressed about having money in the bank and being defrauded. She also terrified of losing any money, so won't invest it.
I would like to suggest that she buys my house at the end of my mortgage term and I then pay her the interest that I would have been paying the bank.
What are the pitfalls of this? Are there any financial things (taxes or whatever) that I should be aware of?
Thanks in advance