Can I remortgage the house my parents gifted to me?

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Posted on 23 April 2013 by Vicki

I have recently had a house gifted by my parents. The house is worth around £190,000. Can I remortgage this property?

Vicki,

In the main, there's no reason why you shouldn't be able to remortgage this property. The only area that might be an issue is if you haven't owned the property for at least 6 months. Otherwise it would be a straight forward case of meeting the lenders standard criteria and selecting the right propduct for your circumstances.

If you'd like to talk through your enquiry in more detail, please let me know and I'll put you in touch with one of our consultants who will be able to assist you.

Regards,

Simon

contact@johncharcol.co.uk

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Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

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