We own a house which we rent out as moved away for DH's work. I am a SAHM. We only have a small amount of mortgage left to pay on it and have the savings to pay it off, which are currently earning rubbish interest. We are considering paying it off and transferring the house into my name.
I have briefly looked into it and believe that as no money is changing hands we can just do a transfer of ownership through land registry and pay a fee.
Also, is it correct that as we are married, it doesn't matter whose name the house is in as if we split up it would be considered a marital asset so we would both still have an equal claim on it? And if I die DH will inherit it as my spouse with no inheritance tax to pay? It's currently worth about £250k
Are there other implications we should consider?
Thanks.
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How to put house in my name only
8 replies
Okkitokkiunga · 03/11/2016 11:04
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