I want to sell my house to my son, at the normal market value. Is the process just the same as selling to a stranger?
If your son is borrowing money to buy your house the lender will insist on a survey (to ensure the house is worth the amount your son is borrowing) and that a solicitor is involved in the transaction. So it will be very similar to selling a house to a stranger, although you obviously won’t need to involve an estate agent and you may be able to cut short preliminary inquiries about fixtures and fittings and so on. If your son isn’t borrowing money you could just transfer the property into his name in return for a cheque, although your son will probably have to pay stamp duty.