Transfer of House Ownership

ccronin | 12:08 Tue 01st Nov 2011 | Law

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My partner and I currently own a property where the ownership is split 70|30. I would like to transfer 20% to him in order to make the split 50|50. There is currently a mortgage of 50% on the house. Will this transfer be liable for stamp duty and how should I go about it?

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1PrincessPink

Look on the Land Registry website for the form you need. You will need to gain the mortgagee's permission before you can do the transfer and there will be an admin charge for this.

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