Selling 1 house buying 2

xylophone

Could you lend your daughter the money to buy the house in her name only and take a first charge on the property?

The loan could be interest free, with repayment terms to be agreed with your solicitor.

Your daughter could take out an insurance policy that would ensure the repayment of the loan in the event of her death - her will could leave the property to your grandchildren with a life interest/right of residence for a certain period etc to her partner.

planningtogo

Is there anything I could do to stop a loan being taken out against the property if it was in her name but bought with a loan from me ?

TrickyDicky101

planningtogo wrote: »

Is there anything I could do to stop a loan being taken out against the property if it was in her name but bought with a loan from me ?

As Xylophone indicated you would need to take a first charge against the property. Essentially you would be providing a private mortgage to your daughter. This won't completely prevent your daughter securing further loans against the property (I believe) but it makes it far more difficult for her to do so and also safeguards your investment (before any other debts she may build up).