Quizzes & Puzzles7 mins ago
transferring title deeds
How easy is it to transfer title deeds on a property to someone else? No mortgage on the property, No death, just want to transfer the titles. any idea on costs if this is possible?
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Very easy in principle.
Is the property registered? Who are you transferring it to and is it for monetary value?
That would give me a better idea as to how much I'd charge as a solicitor as a standard sale/purchase would be charged differently to say a transfer of equity (ie husband transferring to wife for no monetary value).
Is the property registered? Who are you transferring it to and is it for monetary value?
That would give me a better idea as to how much I'd charge as a solicitor as a standard sale/purchase would be charged differently to say a transfer of equity (ie husband transferring to wife for no monetary value).
With a little bit of perseverance you can do it yourself without a money-grabbing for nothing solicitor;
(1) if the title is not registered it will have to be to transfer it. Simple form filling - phone your local District Land Registry office who will guide you through the process. LR fee about �40.
(2) when registered it is only a couple of Land Registry forms to transfer so speak to them again for guidance. Very simple. LR fee about �80
(3) at the same time as (2) you will need to speak to the Stamp Duty Land Tax office to obtain a SDLT Certificate without which the LR cannot make the transfer. Phone 0845 6030135 for this. No cost.
All done !!!
(1) if the title is not registered it will have to be to transfer it. Simple form filling - phone your local District Land Registry office who will guide you through the process. LR fee about �40.
(2) when registered it is only a couple of Land Registry forms to transfer so speak to them again for guidance. Very simple. LR fee about �80
(3) at the same time as (2) you will need to speak to the Stamp Duty Land Tax office to obtain a SDLT Certificate without which the LR cannot make the transfer. Phone 0845 6030135 for this. No cost.
All done !!!
No worries. Just make sure you get the appropriate advice especially if there is any chance of the father going bankrupt or if there could be any effect on the father's estate if he was to pass away shortly.
You could check with the Citizens Advice Bureau, see if they can assist you. As a solicitor I'd probably charge �150.00 plus VAT for the works then there would be the LR fees etc... on top. LR fee would be �40 for a nil value transfer.
As regards SDLT, a nil value transfer is exempt so would need to self certify on an SDLT 60.
If registered, the form you would need is TR1 which is downloadable from the Land Registry website.
http://www.landregistry.gov.uk/assets/library/ documents/tr1.pdf
You will need to put the correct clauses in for signing. If private individuals...
EXECUTED AS A DEED BY
(NAME)
in the presence of:
Each signature must be witnessed by an independant (ie not family) witness over the age of 18 who also states their full name and address.
Good luck!
You could check with the Citizens Advice Bureau, see if they can assist you. As a solicitor I'd probably charge �150.00 plus VAT for the works then there would be the LR fees etc... on top. LR fee would be �40 for a nil value transfer.
As regards SDLT, a nil value transfer is exempt so would need to self certify on an SDLT 60.
If registered, the form you would need is TR1 which is downloadable from the Land Registry website.
http://www.landregistry.gov.uk/assets/library/ documents/tr1.pdf
You will need to put the correct clauses in for signing. If private individuals...
EXECUTED AS A DEED BY
(NAME)
in the presence of:
Each signature must be witnessed by an independant (ie not family) witness over the age of 18 who also states their full name and address.
Good luck!
Sorry, this is a question not an answer in the same vein and I would really appreciate some advice on how best to go about this.
My Step-Dad is in hospital and is concerned that his house (mum died 1995) could be grabbed by the authorities if he ends up needing professional care. The value is around �250.00. He wants to transfer the ownwership to me, it is mortgage free cos i paid it off for them in the 70's. Is there a pain less way to do this and can he sign the necessary docs in hospital, he has all his marbles..Do we have to show a monetary payment on the doc's ie, �1.00 or? Thanks ..(property is registered)
My Step-Dad is in hospital and is concerned that his house (mum died 1995) could be grabbed by the authorities if he ends up needing professional care. The value is around �250.00. He wants to transfer the ownwership to me, it is mortgage free cos i paid it off for them in the 70's. Is there a pain less way to do this and can he sign the necessary docs in hospital, he has all his marbles..Do we have to show a monetary payment on the doc's ie, �1.00 or? Thanks ..(property is registered)
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