Should we add our children’s names to our buy-to-let mortgage?

There are tax and mortgage issues involved in adding your children’s names to your buy-to-let mortgage. Photograph: Yui Mok/PA

Q My wife and I have a buy-to-let property. We would like to add on to this mortgage our children, who are 26 and 31 years of age. Is it possible? If not how can we transfer this property into their names without heavy fees or rather what would be the best way to transfer this property into their names?

This used to be our home and it’s where both our children grew up so the house is also of sentimental value to them. DN