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@Sparky
I've just talked this over with my dad (always handy). It seems that there are two problems:
1) The paperwork isn't finalised and I'd need to stay somewhere temporarily.
2) My solicitor warns that this management company will be a faff, and that if someone doesn't pull their weight it could deteriorate, the paperwork will be a mess, and it could be unsellable.
The first one is sortable, the second unpredictable. My solicitor says the second is a big problem, but I'm not sure how big. He says walk away.
I went to the flat tonight and spoke to the person who bought the ground floor. She didn't even know she was getting the freehold, she thought it was leasehold only. I told her that once all three were sold she'd have to form a company, buy insurance etc, and she just looked at me blankly.
Clearly she's not going to be doing all the paperwork, but her solicitor obviously didn't see any reason to warn her off.
I can't help but think that if mine hadn't put the frighteners on me - possibly with valid reason - that I'd be happily moving in as she's done.
Am I being overly cautious, because my solicitor is? Or is the woman already there not worried, but should be?
The other thought is that even if it's a bad move, is it less bad than being homeless? Or renting another shit place for more money than the mortgage would cost?