Transfering parents house into childs name

helflow5 | 14:12 Fri 23rd Feb 2007 | How it Works

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My parents have no mortgage on the house and would like to transfer it over into my name. What happens if they transfer it over then go into a nursing home within 5years of transferance?

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helflow5

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Hi,

thanks for the answer. So if they go into a NH during the period of 7 years after transferring the government still take the money!
Government taking money out of us all ways.
I think that I will discuss the option of selling it for a small price.
Is there a website that explains the process of buying it off them. Sorry but this is all new ground to me.

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