I'm an accountant rather than a solicitor, but recommend you consult a experienced solicitor - and possibly also an accountant depending on the circumstances.
Probably way off the mark in your case, but often folk consider property transfer in relation to later life care home costs. Such is far from foolproof and sometimes works out considerably more expensive.
It's not my area of expertise, but I understand local authorities now have improved powers to claim expenses in cases where a property has been transferred for no particular good reason or benefit to the individual, and where care home costs might be envisaged - especially if the ageing vendor continues to reside in the property.
Tax implications include potentially reduced inheritance tax threshold through loss of main residence allowance, and even CGT if it becomes a second property.
As I say - not suggesting such is the case for you, but good legal advise is worthwhile when it comes to big decisions and transactions.