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Transferring property
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sabelu
Posts: 1,180 Forumite


Hi,
Is it simple to transfer ownership of property through the land registry using a TR1 and what costs/duties are payable?
Is it simple to transfer ownership of property through the land registry using a TR1 and what costs/duties are payable?
It pays to challenge
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It can be straightforward and our online guidance links you to the registration requirements inc forms and fees for applying
There are though often wider issues to consider around a sale or transfer to a family member and these are best considered with a legal/financial adviser“Official Company Representative
I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0 -
hi, sorry to hi-jack thread , but i have been looking at this as well, when selling to family member, can it just be done this way instead of having to pay exorbitant solicitors feesNice to save.0
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rabialiones wrote: »hi, sorry to hi-jack thread , but i have been looking at this as well, when selling to family member, can it just be done this way instead of having to pay exorbitant solicitors fees
you hi jack away no probIt pays to challenge0 -
I just did a transfer on death of registered owner and a transfer to my name no problems .
Follow the online advice and LR has a forum .
Read the info at least twice and print off 2 copies of the forms so as you can be sure the finished article is correct tick instead of x etc .0 -
The forms and registration process can appear very straightforward and some people do complete the process themselves - using a solicitor or conveyancer is not compulsory.
However they are familiar with the processes involved and where monies are changing hands you need to ensure that is done securely and correctly. Where a lender is also involved they will insist on your using a professional as the risk of fraud, to them. for example is lessened.
The fees can appear exorbitant but you are paying for their professional expertise and experience and with the added bonus that if something does go wrong you have someone other than yourself who is culpable
The choice though is entirely yours where no mortgage lender is involved“Official Company Representative
I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0 -
I don't have a mortgage and wanted to transfer ownership to my son, would this just be straightforward.. Thanks0
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Oh ok it might be a good idea to talk to my solicitor first. Thanks for the advice0
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