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Remortgage my property to gift my brother

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Asd1988

Asd1988 Posts: 1 Newbie

31 March 2016 at 9:56PM in Mortgages & endowments

Hi,

I own a property that is currently let out, and does not have any mortgage.

I would like to help my brother by buying him a property, can I remortgage my let property for purposes of either raising funds to gift to my brother so he can buy, or buy a property and gift it to him?

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dimbo61 Posts: 13,727 Forumite

1 April 2016 at 9:36AM

One for the brokers
You can do what you like with your money and property.
However if you want to borrow money from a Lender they will want security.

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