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@walm
Sparky - I am still terrified by your terrible maths (no offence!).
If he took out a say £110k mortgage to cover buying the place in 2005 on interest of say 4.5% he would be paying £5k per annum in interest.
He isn't being given the house for free.
So in this example he would be £5k per annum worse off than you.
Please, please remember that it isn't a one way bet as this real life example shows.