Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
Hi everyone, I’m new on here so please be gentle with me. I am a private landlord, letting 5 small residential units at present in the Bristol area.
My Great Aunt has been asked to buy her old friends cottage in Oxfordshire. As I understand things, the idea is my Aunt buys the cottage and allows her old pal to live there without paying any rent and details such in a deed of trust along with various contractual agreements.
My aunt is a retired head mistress with no business interests, this transaction would be a one off opportunity designed solely to help her friend.
My question to you is this; would my Aunt need to be registered with any financial agency like the FCA or the like?
Your help please?
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