So you’ve taken the plunge into the property market and purchased a property. First of all, congratulations! Deciding to buy a property is a big step forward. But here’s a tip, have you considered insurance? We know, you’ve only just signed the contract of sale and you won’t actually own the house for a while yet, but what you’re probably not aware of is that the property is already you’re responsibility.
Claiming Beneficial Ownership of a House:
As a parent you always want to assist your children wherever possible and in many cases this involves providing financial assistance to help them get into their first house. It may seem like a no-brainer and the right thing to do by lending money to a loved one, but unfortunately circumstances change and relationships deteriorate.