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Transfering home ownership from my mother to me

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  • macman1977
    macman1977 Posts: 8 Forumite
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    Alternatively, you could consider changing to joint ownership so that when either of you dies the survivor retains full ownership.


    Ah..that sounds like a good option maybe...? Anyone know how best to proceed with that?
  • macman1977
    macman1977 Posts: 8 Forumite
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    Would the 'join ownership' thing simply be something we'd need to sort out with the mortgage provider and maybe the Land Registry form(s)?
  • getmore4less
    getmore4less Posts: 46,882 Forumite
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    macman1977 wrote: »
    Alternatively, you could consider changing to joint ownership so that when either of you dies the survivor retains full ownership.


    Ah..that sounds like a good option maybe...? Anyone know how best to proceed with that?

    Start with a broker to assess the mortgage situation.
  • Mojisola
    Mojisola Posts: 35,558 Forumite
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    macman1977 wrote: »
    my mother has continued to pay the mortgage with contributions toward it from myself.

    I have lived in the house with her since then.
    Mossfarr wrote: »
    Why doesn't your Mum just write a will leaving the house to you? It can be written in such a way that your siblings have no claim on it.

    Alternatively, you could consider changing to joint ownership so that when either of you dies the survivor retains full ownership.

    Until the mortgage is paid off, the will is the best move. Your Mum can leave a letter with the will explaining her decision - that it is your home and that you have been paying towards the mortgage.

    Once the house is wholly-owned, do the change of ownership to joint owners. Can you put as much as possible into the mortgage so that it's paid off quickly?
  • Clutterfree
    Clutterfree Posts: 3,678 Forumite
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    Will you or your mother tell your siblings of her intentions to leave the house to you?
    They may be older and financially secure but it may well still come as a shock. Surely better to inform them now than when your mother dies and emotions will be high and could cause a rift.
    :heart: Ageing is a privilege not everyone gets.
  • xylophone
    xylophone Posts: 44,498 Forumite
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    You and your mother are both working.


    Had you considered re-mortgaging on a joint mortgage?

    You might borrow enough (within your means) to make improvements /modernise.
  • macman1977
    macman1977 Posts: 8 Forumite
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    Thanks to everybody who has replied.


    I think based on the feedback, we need to enquire about a joint mortgage and joint ownership.


    I will also speak to her about making a will!
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