Transfering Part of land with neighbours

furbs79

Hi I'm wondering if anyone would know if I could transfer part of my land to a neighbour

We both swap a piece of each others land as to make are gardens of normal shape. My question is can we transfer these through the Land Registry and also with out using solicitors as no money was exchanged? Also which forms would be need to send to the Land Registry?

Thanks in advance

Land_Registry

Take a look at our online FAQ re transferring ownership - if your properties are in England & Wales you will each need to complete an application to register a Transfer of Part (TP1) for each part of the exchange.

You can lodge your applications at the same time or separately although often they are lodged simultaneously, especially if you intend to amalgamate the 'new' land with the rest of your registered title.

Read the online forms (AP1, TP1 and ID1) as well as the completion notes thoroughly carefully. You should also read our online Practice Guide 21 and section 3 in particular.

We cannot provide legal advice but if after reading the online material you are unsure as to how to complete the forms or how to make the application you should Contact Us

martinsurrey

Land_Registry_representative wrote: »

Take a look at our online FAQ re transferring ownership - if your properties are in England & Wales you will each need to complete an application to register a Transfer of Part (TP1) for each part of the exchange.

You can lodge your applications at the same time or separately although often they are lodged simultaneously, especially if you intend to amalgamate the 'new' land with the rest of your registered title.

Read the online forms (AP1, TP1 and ID1) as well as the completion notes thoroughly carefully. You should also read our online Practice Guide 21 and section 3 in particular.

We cannot provide legal advice but if after reading the online material you are unsure as to how to complete the forms or how to make the application you should Contact Us

perfect advice as always, but just to add, you may need mortgage provider approval (if either house has a mortgage that is) before you can "sell" parts of the garden.

furbs79

Martinsurrey, would this be the case if we didn't exchange any money??

martinsurrey

furbs79 wrote: »

Martinsurrey, would this be the case if we didn't exchange any money??

yes, the mortgage is secured on the land, you can’t give away the mortgage companies interest without informing them, or letting them get involved in the legal’s to ensure they are suitably protected and their asset isn’t damaged.

Some mortgages contain information about this, so look at your documents, or ring them up (but get their response in writing)

G_M

Money may not change hands, but a 'sale' is taking place. You are giving away something (your land) in return for something (his land).

Legally it's called 'consideration'.

furbs79

Thank you for your replies, I will have a read up on all these things.

Strapped

If your property has a mortgage on it then the mortgage company will almost certainly insist on you using a solicitor for the conveyancing.