u/CarefulCrew5176

My granddad died in January. He has left the house to my dad. My dad has had it valued at roughly 320k. I own my house which I bought through right to buy, I bought my house for 100k in 2021 and it’s now valued at roughly 190k. I have 90k left on my mortgage and 4 years left of my fixed rate deal so I would need to port my mortgage as well.

My dad has said he would sell me the house for 288k to qualify for the 10% needed for a concessionary purchase.

I have 2 personal loans equalling 16k, with the equity from my house I would settle them as well to help monthly payments but also rid of the debts entirely.

I earn 45.5k a year before tax.

Can I/should I buy my grandads house?

This is in Essex