• Transfer Of Equity In 2 Stages

    By alindsay2 on 07th Feb 2017

    I want to do a 1-2 transfer to add my husband to the title of a property. Then we want to gift a percentage to our daughter. How long a gap must we leave between the two transactions?

  • 1 Answers

    By Guest on 07/02/2017

    There is no requirement to leave any kind of a gap. In fact you could do everything in one transfer. For example you could draft a transfer from you to you, your husband and your daughter, and specify the shares each person is to hold in panel 10. If you have a mortgage secured against the property though you'll need the consent of your mortgage lender, which will usually be conditional on your husband and daughter becoming jointly responsible for the mortgage

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