Mortgage paid off, transfer deeds to another person

[roscol]

I am very shortly having my morgage paid off by my partner, to definitely ease my financial pressures, I then want to transfer the deeds to my partner and my son as my financial state is very poor and am afraid of any future possibility of losing my home ie bankruptcy.

[awayman]

You need a lawyer, not a website.
Any transfer intended to avoid the consequences of bankruptcy may get the lawyers excited should you subsequently become bankrupt. Obvious, when you think about it.

[loonytunes]

So you are selling your house to someone else and are afraid of losing your home???? Doesn't sound sensible does it?

[Eve]

If you become bankrupt within 6 years of the transfer and the transfer could be seen as getting rid of assets at less than value in order to avoid paying creditors the receiver may be able to set the transfer aside and claim the property back to sell it to pay your debts.

If you owe other creditors this is a significant risk.

[Peter Pedant]

Oh, I think you need a lawyer

it should be possible for your partner to register an interest. I think people may not have read your posting

If you partner Let us call her Abela gives you 100k to pay off the morgage, then any lawyer can record that she now has a �100k interest in the house.....I think this is mandatory if you are in fincancial trouble. and then and then if it comes to selling the house - she gets her money back and doesnt have the �100k used to relieve your debts.

In technical language Abela would have an equitable interest and needs to record or register it. Totally legal - or erm lawful.

There is no charge for this advice - BUT you need a lawyer.