My husband and I are joint owners of our mortgage-free, freehold house and we have lived here for 60 years. My son, who is in his late 50’s, is single and has always lived with us. We would like to make him a co-owner of the property. Is this possible, and how would we go about it?
If your house is registered at the Land Registry this should be a comparatively simple procedure, but it’s not a course of action I’d recommend for everyone. You may be better off splitting ownership of the property three ways, or just leaving the house to your son in your wills. I recommend you discuss this with a solicitor before going ahead to ensure that you don’t overlook any details. Your son would be advised to make a will for example.