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Remortgage my property to gift my brother

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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?

Comments

  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    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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