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Income tax and mortgage question

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Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    North_South wrote: »
    I think we're getting sidetracked from my original question about income tax though...

    The income tax question would be irrelevant if the mortgage couldn't be obtained.

    Some excellent advice being provided for free here. Try not to dismiss it so easily.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • North_South_2
    North_South_2 Posts: 4 Newbie
    Update:

    Just to update you all on this.

    After my parents received independent legal advice, the mortgage was drawn down as described.

    There are no tax implications because I now partly own the house.
  • kingstreet
    kingstreet Posts: 39,277 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yes and I also established HSBC is the only lender allowing more owners than there are borrowers as set out here;-

    https://forums.moneysavingexpert.com/discussion/5091458
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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