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Help with deeds

patie123
patie123 Posts: 14 Forumite
10 Posts First Anniversary
in House buying, renting & selling
Hiya, 

I’m wanting to change the deeds on my house from fully mine to 50-50 for me and my partner, can someone advise me which is the correct form to fill in? I am slightly confused as to which and wanting to avoid the costs of a solicitor and hopefully do it ourselves. 

Thanks so much!! 
«1

Comments

  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Is there a mortgage on the property?
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Deeds?
    Or Land Registry entry?
  • patie123
    patie123 Posts: 14 Forumite
    10 Posts First Anniversary
    Land registry I think sorry!! 
    No a private mortgage with family but we have separate papers drawn up for that! 
  • greatcrested
    greatcrested Posts: 5,925 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 5 January 2021 at 6:38PM
    Assuming the 'private mortgage' is not registered with the Land Registry then
    a) it's not a mortgage at all - it's a loan, and
    b) you need to submit
    i) AP1, ID1 & TR1 to the LR and
    ii) SDLT to HMRC if any money is changing hands.
    Will you and partner be owning as Joint Tenants or Tenants In Common?
  • patie123
    patie123 Posts: 14 Forumite
    10 Posts First Anniversary
    No money is changing hands! And I think it’s joint tenants? The one where it’s just a 50/50 split. 

    Thanks! 
  • Mojisola
    Mojisola Posts: 35,574 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    patie123 said:
    No money is changing hands! And I think it’s joint tenants? The one where it’s just a 50/50 split.
    If it's 'joint tenants' then you both own all the property.  When one dies, the other person owns it outright.  It wouldn't form part of the deceased's estate.
    If it's 'tenants in common' then you can each own a share of the property - often 50/50 but not always.  Each person's share is part of their estate and can be left to someone other than the second owner.

  • patie123
    patie123 Posts: 14 Forumite
    10 Posts First Anniversary
    Ahhh that makes sense Thankyou. It will be joint tenants then that is what we changed his house over to that is rented out. 
  • patie123
    patie123 Posts: 14 Forumite
    10 Posts First Anniversary
    I think we’ll have to pay the fee of £60 and how would we do that? It says to send with the forms but surely you can’t just put cash in with it? 

    Thanks! 
  • FreeBear
    FreeBear Posts: 18,347 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    patie123 said: I think we’ll have to pay the fee of £60 and how would we do that?
    Write a cheque. Failing that, toddle down to the post office and get a postal order.
    Any language construct that forces such insanity in this case should be abandoned without regrets. –
    Erik Aronesty, 2014

    Treasure the moments that you have. Savour them for as long as you can for they will never come back again.
  • patie123
    patie123 Posts: 14 Forumite
    10 Posts First Anniversary
    FreeBear said:
    patie123 said: I think we’ll have to pay the fee of £60 and how would we do that?
    Write a cheque. Failing that, toddle down to the post office and get a postal order.
    Yeah I did think a cheque but I don’t even have a cheque book anymore! Will get a postal order didn’t know you could do that thanks. 
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