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Title Deed Change DIY FORMS
atto40
Posts: 1 Newbie
Hello ALL
I hope you can help me, heres is the scenario:
I have a 2nd house with no mortgage on it, however the bank have the deeds and have said it will cost 250 to release. Now, there are 3 people named on the deeds, myself and my parents, however, I wish to remove them and be the sole owner (they have agreed btw
) . How do i go about doing this myself?
I spoke to my accountant who said he could to do it for 300?
but im aware i may be able to do it on my own? I spoke the Land Registry who adv i need forms AP1, ID1, and TR1 and 40 quid cheque to send. Do i just send them off without getting the deeds from the bank first? Im confused.
Also reg CGT, the house is worth about 80-90k, will i have to pay tax on the title deed transfer?
is there anything else i should be aware of? dont want to regret it later by getting huge tax bills etc?
Thanks all
A
I hope you can help me, heres is the scenario:
I have a 2nd house with no mortgage on it, however the bank have the deeds and have said it will cost 250 to release. Now, there are 3 people named on the deeds, myself and my parents, however, I wish to remove them and be the sole owner (they have agreed btw
I spoke to my accountant who said he could to do it for 300?
Also reg CGT, the house is worth about 80-90k, will i have to pay tax on the title deed transfer?
is there anything else i should be aware of? dont want to regret it later by getting huge tax bills etc?
Thanks all
A
0
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