Hi my sister and I live in my parents house and have become their main carers.
We're about to remortgage to make some accessibility changes and provide some separate living spaces. I'm thinking of adding myself and my sister to the deeds and the mortgage as joint tenants.
We'd all be on the mortgage so I don't think it would be a gift with reservation but do we need to do something specific with the bills & running costs?
I imagine that because of survivorship it would simplify the transfer on their passing?
What are the implications for Stamp duty, IHT, etc. and are there any pitfalls to be aware of?
What's the process of steps we need to follow and what sort of specialist advice should we seek?
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