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Can a Family Trust, or similar, buy the property, on behalf of parents etc?

April 26, 2017behalf buy family Parents Property similar Trust

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Can a Family Trust, or similar, buy the property, on behalf of parents etc?

2 Answers

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Ownership of an ECA property is not restricted – only its occupation. ECA properties may be owned by residents, members of their family, friends, Charities, Trusts or Companies. Age, normally over 55 (unless the local council has stipulated otherwise as a planning condition) and state of health determine the qualifying conditions to occupy a property.

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Ownership of a Blue Cedar Homes property is not restricted – only its occupation. Blue Cedar Homes properties may be owned by residents, members of their family, friends, Charities, Trusts or Companies.