Cost of name changing on property title deeds

bazz

Hya. Please does anyone know the rough costs for changing the name on property title deeds from joint to single name?
Thanks x

vaio

Think it’s free if no money changes hands and there is no mortgage involved, just get the form from the LR and fill it in

bazz

Thanks x:T

Lemanie_2

Hey bazz,

It's not that simple, I'm afraid - especially if there is a mortgage over the house as your mortgage company will require the registered owners of the property to be tied into the mortgage.

Its called a Transfer of Equity and needs to be done via solicitors...My old firm used to do them for about £250 pluz VAT, but that was a while ago.

Lemanie

bazz

Hya. I intend paying off our joint mortgage in full and changing the joint deeds to my name as agreed with my ex. Thanks x

pukkamum

Yes my sister did it and it cost her £250.

bazz

Can it be done through online solicitors? I did that to save money on our divorce.

vaio

Lemanie wrote: »

Hey bazz,

It's not that simple, I'm afraid - especially if there is a mortgage over the house as your mortgage company will require the registered owners of the property to be tied into the mortgage.

Its called a Transfer of Equity and needs to be done via solicitors...My old firm used to do them for about £250 pluz VAT, but that was a while ago.

Lemanie

I’m sure a solicitor or similar will cheerfully relieve you of £250 to do the job but I did it a few years ago using (I think) form TR1, a few questions I had were answered over the phone by the LR. I filled the form in and sent if off with a tiny fee. Job done.

But, as I said previously, this doesn’t apply if money is changing hands or a mortgage is involved.

Think this was the form

http://www1.landregistry.gov.uk/assets/library/documents/TR1.pdf

OP, ring the land registry and ask is probably best

bazz

Thanks. I`ll have a look at the land registry site. x

buzzybee67

Does anyone pse know how we change the % we own on our house. we have separated on our small home which is mortgage free.as we are joint owners we are 50/50 owners but we want it to be myself 1/3 and my wife 2/3 so when it is sold at a later date i get 1/3 of sale price and not 50/50. anyone know of easy way to change this?? many thanks guys

skintchick

How about changing your own name? I got married and need to change, I could add hubby but he doesn;t mind if not, there is no mortgage on it.