• Gifting Extra Land To My Son

    By Guest on 21st Jul 2017

    We have land in our main residential property. Which we are thinking of gifting to our son so he can build a property for himself. We still have mortgage outstanding on this property.
    What are the things that we need to consider?

  • 2 Answers

    By Guest on 23/07/2017

    You will need the consent of your mortgage lender to transfer the land to your son who will need to issue a "DS3" to release the part of the land in question from the charge. You should seek this consent before doing any work.

  • By Guest on 23/07/2017

    Thank you for your advice

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