Transfering title of property

[BURREN32]

I'm currently living in what was my grandparents house when they were alive.I've already applied for planning permission to extend and renovate.The house is still in my dads name and i will need to get a mortgage to complete the build,my father has no problem signing over to me just wondered if anyone out there had any idea of what's involved?
And can any one reccomend who to approach for the mortgage??

 

[mf1]

You need a solicitor. The Deeds should be in your name if you are getting a mortgage and, of course, if your father is happy to sign the property over.

You will pay stamp duty on the market value of the property - but at half the normal rate as you are related parties. Your father may have a CGT liability on the disposal to you.

You can go to a mortgage broker who will advise you on how much you may be able to borrow, or you could go to your own bank or you could approach a number of lenders yourself.

You will need an engineer or architect to certify the works for your lender.

There is quite a lot involved but a trawl through this website would be fruitful.

mf