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Showing results for tags 'gifting'.
Found 4 results
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Hi! I own a BTL portfolio and I wish to gift a share with no money changing hands to my partner (we're currently unmarried) by a declaration of trust. The share of each individual property's mortgage consideration is less than £40k. I understand that this would not create any SDLT for her (but keen to hear that is correct). However, I'm unclear if this would be regarded as a 'linked transaction'. I have read that linked transactions are relevant for the simultaneous purchase of several properties from the same vendor, and could be treated as if they were all
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Good Morning All, I recently went to one of the property hub meet up groups, which was great, where I found out about "gifting" property. My situation is my parents have a BTL property of which they own outright (no mortgage), but are looking to sell it to support their retirement. I have said I would like to buy it from them, but have then found about gifting, where they could gift the property to me and I would remortgage the property and the gift them the money back. They bought the house for £175k and its now worth double this at £350k. I am wondering what fees I will have t
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Good morning , Hello my name is Brighton Nembaware , my question is about gifting a property , my parents have a property valued at 390k with a mortgage value of 130k left on , is it possible for me to take out a mortgage to payoff the existing mortage and have a new one in my name. Also how would that property affect me buying a secound personal mortgage Kind regards Brighton Nembaware
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Hi everyone, I'd be keen to hear your opinions on the following scenario and how best to achieve what we're aiming for (sorry if I waffle on!).. My situation: I have been investing in property for about 3 years and have a small portfolio of 5 single lets. I plan to refinance on these houses and buy more properties in the coming years, however as they're all in their initial mortgage terms at the moment, I won't be able to do this until 2015/16 (without facing high redemption fees!) which is where my Dad comes in.... My Dads situation: My Dad's house is mortgage free and worth arou
