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Changing ownership from joint to single
Tez01
Posts: 3 Newbie
Hi all
I have separated from my husband and I am taking on the house, I am in the financial position to do this however I begrudge paying all these extra costs. The mortgage company have told me I need to get a solicitor to sort out the land reg but my ex and I are quite amicable so it just seems that it's all money for nothing. Can I not just send off to the land reg for the form and do it all ourselves?
Am I missing anything else out? It is just the land reg and the mortgage, the deeds is same as the land reg is that right?
Thanks in advance
I have separated from my husband and I am taking on the house, I am in the financial position to do this however I begrudge paying all these extra costs. The mortgage company have told me I need to get a solicitor to sort out the land reg but my ex and I are quite amicable so it just seems that it's all money for nothing. Can I not just send off to the land reg for the form and do it all ourselves?
Am I missing anything else out? It is just the land reg and the mortgage, the deeds is same as the land reg is that right?
Thanks in advance
0
Comments
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A transfer of equity has to be carried out by a solicitor acceptable to the lender once the mortgage work is done to ensure the charge is correctly registered to the property and the old one removed.
The usual cost for the whole job is £450 to £600 inc lender fee. Shop around if your quote appears excessive.
FWIW you can only DIY a ToE if there's no mortgage.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Oh, that's so frustrating. Oh well I guess thems the rules and all that. Luckily my lender isn't charging anything for the name removal so just need to get myself a good deal with the sols. Thanks for the advice. So hard to get a simple answer to a direct question these days!0
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Check solicitor on lender panel before instructing.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Hi. What's that?0
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If a lender operates a panel of solicitors it is happy to have act for it, as well as for the borrower, you need to ensure your chosen solicitor is on that panel.
Sometimes it's down to number of partners, sometimes to being CQS (Conveyancing Quality Scheme) accredited.
The solicitor will usually be able to tell you if they are/aren't on the panel of a particular lender. Avoid any that aren't.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Oh, that's so frustrating. Oh well I guess thems the rules and all that. Luckily my lender isn't charging anything for the name removal so just need to get myself a good deal with the sols. Thanks for the advice. So hard to get a simple answer to a direct question these days!
Actually you are quite lucky, many lenders would charge a fee for a transfer of equityEarly retired - 18th December 2014
If your dreams don't scare you, they're not big enough0
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