• Gift A Property To A Friend That Currently Has A Mortgage On It

    By Guest on 26th Jun 2018

    My husband and I own a property with a mortgage on it. We have a friend that we would like to gift the property to so he can get on the property ladder without the need of a deposit. Can we gift the property to him and in the same transaction, he raises a mortgage to pay off ours? Is this possible? If so, can he just apply for a standard mortgage?

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