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Is there an outstanding mortgage?
Would your son live in the property?
You cannot transfer your property unless you repay the mortgage or he becomes a party to the mortgage.
He could buy the property from you for amount of money which is enough to pay the mortgage off but he would obviously need to raise that himself by way of mortgage.
If the amount he was paying was under £125,000, he would escape stamp duty.
The actual legal mechanics of this is not a straightforward transfer from you to him, but a sale by you and a purchase by him. Obviously there would be no need to involve an agent.
Can I clarify anything else for you?
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You can sell it at whatever price you like provided the lender is happy with the valuation.
You can use different professionals in the same firm provided you are both family members or existing clients.
If a conflict of interest arises for any reason, the solicitor’s firm must stop acting for both of you.
If you sell for no profit or a loss, then you have no capital gains tax to pay.
There is no problem doing what you propose subjective evaluation as mentioned earlier and provided your son’s income will stack up for the purposes of the mortgage payment.
I am pleased to have helped. Best wishes