Removing parents from joint mortgage help

2 Posts
Newbie
I’ve been a business partner with my parents since 2001.
During that time we took a joint mortgage, bought land, built them a house and then built an annexe for me on it.
We’ve changed businesses a couple of times. 5 years ago was the last business change - at this point my parents retired and I became a sole trader.
During that time we took a joint mortgage, bought land, built them a house and then built an annexe for me on it.
We’ve changed businesses a couple of times. 5 years ago was the last business change - at this point my parents retired and I became a sole trader.
All business assets and liabilities are now in my name and we want to put the house completely in my name to avoid masses of inheritance tax in the future.
my current mortgage company won’t take them off the mortgage unless they are moving out of the house (which they’re not)
can I remortgage just in my mane with another company? (Any advice who?)
or do we have to look at them gifting their shares to me?
my current mortgage company won’t take them off the mortgage unless they are moving out of the house (which they’re not)
can I remortgage just in my mane with another company? (Any advice who?)
or do we have to look at them gifting their shares to me?
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