Hi, I was declared BR in Jan 10, all going ok at the moment apart from a hefty 320.00 that we are having to pay back, I am now trying to sort out my property, we have had a valuation and it appears that we have around 8000.00 I sent all documents to my OR and to my relief he has said that he is willing to transfer the interest, I am going to the office to pay 211.00 tomorrow for this to be done I have a couple of q's if someone can help me!! 1 Can I transfer the interst to my 19 year old son. 2 How long will the interst in the property remain in my sons name? 3 When the interst is tranferred does that mean I still owe my home and I cannot be forced to sell it? 3 How long will it be before I become discharged??
Your answers will be greatly appreciated I may get some sleep then!! Thanks
1. Yes you can 2. Until someone changes it 3. Yes you still own it if we are talking about a jointly owned property, not if we are talking about a solely owned property. 4. Not more than a year if you have cooperated fully, but it could be less
Can I transfer the interest in property to my son
Posted - 24 June 2010 : 18:03:23
