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Transfer of deeds
I want to transfer the name on the deeds of my house to another person. No money will change hands I just want tho give him the house. Are there any problems with this? I am in the process of transferring the equity to him so he can start to pay the mortgage.
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For more on marking an answer as the "Best Answer", please visit our FAQ.So you are giving him the house and the debt that attaches to it without receiving any money for the equity? Sounds strange but you must have your reasons. You can only do this with the consent of your lender who will appoint solicitors to ensure that their interests are protected so you should get leagal advice and speak to your lender.