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selling my house to son
melran
Posts: 3 Newbie
i am wanting to move house to scotland and my son is wanting to buy my house which he is living in, he has a debt which he has been paying for 3 years which is his only debt, i am considering paying his debt off for him so he would be free to get a mortgage on my house which i only want £65000 for but he wants to put part of the outstanding debt on, my house, on the market it is worth in the region of between £72000 to £80000, i have been told by a financial advisor in scotland who is arranging the house i am considering buying that he should be eligible for 100% mortgage because it is me selling it to him and because he already lives here, comments please as i would rather have the simplest option for him to get the mortgage
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