Would like to get your thoughts if this would be possible.
I am buying a house however we will have to pay the 2nd stamp duty charge because I am also on the deeds for my parents' home.
When my parents were looking to move (approx 15 years ago) my father was made redundant so they couldn't qualify for a mortgage. I was added to the mortgage by broker.
My father found another job and they've paid of the mortgage.
The plan was to remove myself from the deeds so I wouldn't incur the 2nd home stamp duty charge. However, my dad thinks I should remain on the deeds as this might mean we don't lose the house to care home fees if either my parents needed care. They are both in their early 70s, and my mum has some health issues.
Has anyone done anything similar or would this be possible?