Property abroad, effect on U.K. mortgage

[notrich]

I'm a dual national. My parents live abroad (EU) and own a house outright. I live in the U.K. and have had a mortgage here for 8 years now.

My parents want to transfer their house to my name (they are elderly and have decided this is better than putting it down as inheritance and having siblings contest, etc). It's a very important property for them, built by my great grandparents, big sentimental value, etc but financially it will be valued probably for no more than 15k.

My question is how will putting my name on the deeds effect my mortgage in the U.K.?
Does anyone know and can help?

Thanks

Anyone?

It’s an asset and it’s worth £15k. Can’t see it makes any difference at all. It’s not your main home and not mortgaged.

I wouldn't have thought so, it's not another mortgage/financial commitment, I think until you speak to a mortgage company you won't know, they all seem to have odd quirky rules about things.

Thank you for your responses. x