D
dens
Guest
My father and mother were going to sign up to one of those special morgages that allow them to stay in the house and release equity.My self and my 3 brothers said that if we could we would borrow money and give it to them instead.It was suggested to us that the best way to do it was for my parents to gift us the house and then we could borrow 80K and give it to my parents.My parents have no problem with giving us the house and having a legal agreement to stay there. We also willsign any legal document to cover any eventualities.NO problem so far but now we need to pay stamp duty of approx 15K on the full value of the house .Has any one any ideas on any other options available to us to save paying the stamp duty or how to borrow the money without having my parents gift us the house
regards
dens
regards
dens