Land Registry questions

ChirpyChicken

https://forums.moneysavingexpert.com/discussion/comment/82011681#Comment_82011681

@Land_Registry

Now they have got their photo Id sorted and ID5 form done. Can you confirm the fee please? House is worth 420,000. No consideration involved.

Can I clarify something else pls

3 tennants in one common

2 left (husband and wife)

In the will the deceased person has passed her share to one of the remaining tenants.

They wish to become joint tenants going forward. I assume given the above this can all be done using the forms advised previously

Is there anything else that needs to be done?

Thanks in advance 😀

Land_Registry

https://forums.moneysavingexpert.com/discussion/comment/82109747#Comment_82109747

If there's no monies changing hands then it's a Scale 2 fee - see the example scenarios included in the linked guidance as to how to state the value and calculate the fee HM Land Registry: Registration Services fees - GOV.UK

BUT if you have 3 registered owners and 1 has died the legal ownership has passed to the 2 surviving joint owners and no Transfer is required. See PG 6 for guidance on how to apply to update the register using form DJP and a copy of death certificate. You can also cancel the form A restriction using forms RX3 and ST5 at same time.

You'll recall I explained you can't transfer a share in the way so AP1/TR1 and ID forms not needed.

Only caveat to add is that IF the remaining two own one third and two thirds respectively of the beneficial ownership/shares do they want to cancel the form A restriction?

I'd strongly recommend seeking wider legal/financial advice so that they both understand the options and what's best going forward.

ChirpyChicken

thanks @Land_Registry that makes a lot more sense now and is quite clearl