house is worth approx 850,000 with no mortgage, however it is currently undertaking building works that will increase the value to approx 1,100,000. My father says he has signed the house over to myself and my brother and that him saying that is a verbal contact and we own the house, is this true. he's doing it so we can re-mortgage the property in mine and brothers name .
there is no mortgage and we wont be paying anything
it is being transfered into our names so that we can release money out of the house that will pay for her care, so surely that's of benifit to her.