Transferring ownership from joint to sole name.

Lilacblue

Hi Everyone

At the moment I have a 'hypothetical' question, but I am hoping that someone here may be able to help.

I own a house jointly with my ex, and want to put the house into my name only. Having spent some time online today and looking at the figures I anticipate being able to attract a mortgage to do so, but not with the current building society as their income multiple is quite low.

Now, finishing one mortgage and starting another is pretty straightforward I guess (?), but does anyone know about the legal side of transferring deeds into my name only, at the same time?

I'm guessing I will need a solicitor for some of this, but just wondered if anyone had done something similar and how much you were charged?

Any advice would be gratefully received. Thank you.

aeb_2

You had no replies, my question is similar regarding my parents who are not married.

Mum wants the house in her name only. He has other savings

What do they do to change the title of the house? There is no mortgage. Does she just go to any solicitor? Is it complicated?

Thanks

Barny1979

Lilacblue wrote: »

Hi Everyone

At the moment I have a 'hypothetical' question, but I am hoping that someone here may be able to help.

I own a house jointly with my ex, and want to put the house into my name only. Having spent some time online today and looking at the figures I anticipate being able to attract a mortgage to do so, but not with the current building society as their income multiple is quite low.

Now, finishing one mortgage and starting another is pretty straightforward I guess (?), but does anyone know about the legal side of transferring deeds into my name only, at the same time?

I'm guessing I will need a solicitor for some of this, but just wondered if anyone had done something similar and how much you were charged?

Any advice would be gratefully received. Thank you.

You could ask your current lender if you could remove the ex and they'd have to do a new application for yourself, it all depends on whether the mortgage company believe you can afford to pay the mortgage on your own. Also if there's equity in the house, your ex will be eligible for some.

Absolutely

Lilacblue wrote: »

Hi Everyone

I own a house jointly with my ex, and want to put the house into my name only. Having spent some time online today and looking at the figures I anticipate being able to attract a mortgage to do so, but not with the current building society as their income multiple is quite low.

Now, finishing one mortgage and starting another is pretty straightforward I guess (?), but does anyone know about the legal side of transferring deeds into my name only, at the same time?

I'm guessing I will need a solicitor for some of this, but just wondered if anyone had done something similar and how much you were charged?

My experiences come from having a jointly owned/mortgaged home with my now ex-husband.

When he left our home, I applied for a mortgage in my sole name with Halifax. They agreed I could have the mortgage but my ex had to sign over the equity in the house. So I then had to deal with a company (I think they were called Optima Legal??). They handled writing to my ex and getting him to sign the form saying he agreed that the house would be in my sole name - Transfer of Equity. Optima then updated the Land Registry etc.

I can't remember costs as it kind of got bundled into the whole divorce / solicitor cost thing.

One thing I do remember is, unless your partner agrees, it's not as easy as you think! Going from a joint mortgage to a sole mortgage requires more paperwork than you would anticipate. And if the other party doesn't agree to the sign-over, jeez, it get's a right royal pain!

Good luck.

In summary: Apply for your new mortgage; speak to your other-half; talk to your mortgage company asap about their approach to it.

G_M

If you are getting a new mortgage, then the new lender will appoint a solicitor, who will also arrange the change of name at the same time.

This assumes your ex agrees/cooperates.

Mum wants the house in her name only. He has other savings

What do they do to change the title of the house? There is no mortgage. Does she just go to any solicitor? Is it complicated?

If there is no mortgage it is much simpler. Contact the Land Registry and get the appropriate form. You will need to prove your ID, either by getting a solicitor to verify, or by going in to a local Land Registry office. She will alo need consent from 'him' (father?)