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Transferring property
sabelu
Forumite 1.1K Posts
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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Replies
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
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 [email protected] This does NOT imply any form of approval of my company or its products by MSE"
you hi jack away no prob
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 .
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
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 [email protected] This does NOT imply any form of approval of my company or its products by MSE"
It could prove to be expensive.
The transfer should be straight forward, but there could be serious complications associated with your reasons for doing this.
So what was your reason for wanting to do this?