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Hi i will try and help
there are a couple of ways that you could retain an interest in the property after the transfer
1) If you have lent your daughter money, or wish to retain a specific capital sum in the property after the transfer you could put a legal charge against the property (in other words a mortgage) and this would then be repaid if the property were sold or on her death
2) you could create a Trust so that the equity in the property is held on trust for you both in whatever shares you wanted (i.e 50/50, or 70/30) and the equity would be divided in those shares on sale or death
the actual property itself cant be transferred until she leaves it to you in a Will, but of course wills can be changed at any point. The above two examples protects the financial interest you may wish to retain
I hope this helps and if so please leave me positive feedback. You can always return later and ask any follow up questions.
Thanks for your reply which is most helpful
In my question i should have said my daughter married recently..
As of now her husband or herself have no children, an in the event of her death he(her husband) would be her sole beneficiary. If and when a child arrives (i e. my grandchild)then my problem would be solved, meanwhile is it possible for me to register a 'life interest' in the house. Currently neither I or my daughter live in the house, we both having our separate family homes.
I would appreciate your advice and thanks for your help.
Hi Mat Jones
Are you just a 'SCAM'? You answered two questions which I paid for .
Now you are trying on a monthly basis to get money out of my account.
You will not succeed . Stop this practice now and put the money back that you took out of my account last month back