Transfering mortgage and homes with daughter

Discussion in 'Mortgages' started by Franky123, Apr 12, 2019.

  1. Franky123

    Franky123 New Member

    I own a second property, with mortgage, which my daughter lives in. My daughter owns a property with mortgage that she lets out. We want to swop our rented homes. I have checked that our mortgage is portable. Do we have to go through the buying and selling process or is there a simpler route of transferring the homes to each other and porting the mortgages? Any advice would be most helpful. Thank you.
     
  2. Longterminvestor

    Longterminvestor Active Member

    Surely it is just a case of transferring ownership (and the financial difference) assuming your mortgage companies are happy? I think you need to take professional advice as the transfers need to be at the market rate.
     
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