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Transfer my mortgage to my Dad

wilkie1984_2
wilkie1984_2 Posts: 5 Forumite
in House buying, renting & selling
I want to transfer my mortgage to my dad so it is in his name but I will make the monthly payments to him but I need the mortgage out of my name because I want to apply for help to buy Scotland can someone tell me how I can go about this?
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Comments

  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Aye let's all help you defraud the HTB scheme. On yer bike pal.
  • mrginge
    mrginge Posts: 4,843 Forumite
    No, i don't think anyone can tbh.
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    Fraud is a criminal offence, don't think MSE approve of this help
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Send me a PM. I'm sure I can help out.

    In return, I need someone to tell the local fuzz they were driving my car down the A5 at Dunstable at 2.48 am on Thursday 2nd april.

    Look forward to doing a quid pro quo....
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    wilkie1984 wrote: »
    I want to transfer my mortgage to my dad so it is in his name but I will make the monthly payments to him but I need the mortgage out of my name because I want to apply for help to buy Scotland can someone tell me how I can go about this?

    I think this is called fraud.

    Sell the house to your father but even then I believe Help to Buy is for first time buyers which sadly you will never be because you own a home!
  • Jon_B_2
    Jon_B_2 Posts: 832 Forumite
    500 Posts
    ognum wrote: »
    I think this is called fraud.

    Sell the house to your father but even then I believe Help to Buy is for first time buyers which sadly you will never be because you own a home!
    Help to Buy Equity Loan England is not for FTB'ers only, the only pre-requisite is that you are selling your only home beforehand.


    Not sure on Scotland though.
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Jon_B wrote: »
    Help to Buy Equity Loan England is not for FTB'ers only, the only pre-requisite is that you are selling your only home beforehand.


    Not sure on Scotland though.

    Thanks I didn't know that, so if you transfer your mortgage to someone else but continue to pay it is that allowed?
  • Jon_B_2
    Jon_B_2 Posts: 832 Forumite
    500 Posts
    No idea, sounds fraudulent or morally suspect to me though.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    HTB Scotland is open to anyone buying a new build property but only if it's going to be your only property, much like the scheme south of the border.

    Not that it matters because you can't transfer a mortgage into someone else's name anyway.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    wilkie1984 wrote: »
    I want to transfer my mortgage to my dad so it is in his name but I will make the monthly payments to him but I need the mortgage out of my name because I want to apply for help to buy Scotland can someone tell me how I can go about this?

    Sell the property to your Dad. Problem solved.
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