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Gift Site - Deeds

cavanmann · 2011-05-22 17:39:30

Hi My wife's father has gave her the site we are building on as a gift and is in the process of getting the title deeds of the site in our name. Do we need this to go through before we drawdown on the mortgage. Our mortgage is approved but our solicitor said we need the name changed first. I am just worried incase this…

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22-05-2011 6:39pm

#1

cavanmann

Registered Users Posts: 25 ✭

Join Date: March 2011

Posts: 11

Hi

My wife's father has gave her the site we are building on as a gift and is in the process of getting the title deeds of the site in our name. Do we need this to go through before we drawdown on the mortgage. Our mortgage is approved but our solicitor said we need the name changed first. I am just worried incase this delays the project too much. ANy advise?

Thanks

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#2 22-05-2011 6:46pm
muffler

Registered Users Posts: 46,085 ✭✭✭✭

Join Date: August 2002

Posts: 40310

Quick answer is yes, you will need to have title to the site or at the least have your solicitor confirm in writing to the lenders solicitors that all legal documents are in order. You should talk to your solicitor about this as they will be actively involved in your mortgage draw-downs

Not really our department so I'll move this over to the good people in the Accommodation & Property forum.

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#3 22-05-2011 7:31pm
cavanmann

Registered Users Posts: 25 ✭

Join Date: March 2011

Posts: 11

Thanks Muffler and thanks for putting me to the right forum!

Cheers

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