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Gifted property - mortgage implications

Determinedtobedebtfree · 2021-01-29 17:49:46

My mum has recently passed away and my dad’s decided that he’d like to sign the title deeds of our family home over to his children (me, my sister and brother). He’ll continue to live in the house (with a Liferent agreement). My husband and I bought a house nearly two years ago and we’re due to re-mortgage this year, will…

Comments

Determinedtobedebtfree Posts: 24 Forumite

1 February 2021 at 8:12PM

Sorry, I also meant to say that wills are being updated and that protection is being built in if we become estranged from spouses etc.

My dad is younger than my mum and in really good health, so none of us expect a care home to be a consideration or at least not for a long time.

Thanks

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