Transferring ownership of property following divorce

CRITCHKFC

Trying to do divorce as fair, no expensive legal solicitors and fiction free for the kids sake.  Have agreed with ex they will have the house (mortgage free and joint tenants) and they will pay me half the value.  How do we update the land register so the house is showing in the ex's sole name?  

flashg67

Never done it without a solicitor but it is possible - start here maybe? https://www.gov.uk/registering-land-or-property-with-land-registry/transfer-ownership-of-your-property

propertyrental

make it part of the divorce settlement.

Then yes, if no mortgage transfer is straight forward

TR1, AP1, ID1

Tiglet2

This would be classed as a Transfer of Equity, i.e. removal of one name from the register, so the title would show the transferors as both of you and the transferee as your ex.  The forms needed are as propertyrental says above, though both you and your ex will each need to complete an ID1, plus you will need to pay the Land Registry fee (around £40 ish). You will also need passport size photos along with your passports.

You will need a Solicitor/Licensed Conveyancer/Legal Executive to countersign the ID1.  If you cannot do this, you might be able to complete an ID3 instead, but will still need to be countersigned by a professional, such as a doctor/teacher etc.  

It's straight forward if no mortgage is involved.

dimbo61

While trying to  be fair to both of you it might be a good idea to look at the whole picture !
Pensions, savings, incomes, ages, kids ages, equity in family home !
Good luck in sorting this without incurring  expensive legal costs

GDB2222

Tiglet2 said:

This would be classed as a Transfer of Equity, i.e. removal of one name from the register, so the title would show the transferors as both of you and the transferee as your ex.  The forms needed are as propertyrental says above, though both you and your ex will each need to complete an ID1, plus you will need to pay the Land Registry fee (around £40 ish). You will also need passport size photos along with your passports.

You will need a Solicitor/Licensed Conveyancer/Legal Executive to countersign the ID1.  If you cannot do this, you might be able to complete an ID3 instead, but will still need to be countersigned by a professional, such as a doctor/teacher etc.  

It's straight forward if no mortgage is involved.

If it’s just the form filling exercise, without any advice, would a solicitor charge much? 

Tiglet2

GDB2222 said:

Tiglet2 said:

This would be classed as a Transfer of Equity, i.e. removal of one name from the register, so the title would show the transferors as both of you and the transferee as your ex.  The forms needed are as propertyrental says above, though both you and your ex will each need to complete an ID1, plus you will need to pay the Land Registry fee (around £40 ish). You will also need passport size photos along with your passports.

You will need a Solicitor/Licensed Conveyancer/Legal Executive to countersign the ID1.  If you cannot do this, you might be able to complete an ID3 instead, but will still need to be countersigned by a professional, such as a doctor/teacher etc.  

It's straight forward if no mortgage is involved.

If it’s just the form filling exercise, without any advice, would a solicitor charge much? 

They wouldn't charge as much as a sale or purchase, but would expect it to be in the region of £500 give or take.  Most Transfers of Equities that solicitors deal with are those with a re-mortgage though, so fees are consequently more.

GDB2222

Tiglet2 said:

GDB2222 said:

Tiglet2 said:

This would be classed as a Transfer of Equity, i.e. removal of one name from the register, so the title would show the transferors as both of you and the transferee as your ex.  The forms needed are as propertyrental says above, though both you and your ex will each need to complete an ID1, plus you will need to pay the Land Registry fee (around £40 ish). You will also need passport size photos along with your passports.

You will need a Solicitor/Licensed Conveyancer/Legal Executive to countersign the ID1.  If you cannot do this, you might be able to complete an ID3 instead, but will still need to be countersigned by a professional, such as a doctor/teacher etc.  

It's straight forward if no mortgage is involved.

If it’s just the form filling exercise, without any advice, would a solicitor charge much? 

They wouldn't charge as much as a sale or purchase, but would expect it to be in the region of £500 give or take.  Most Transfers of Equities that solicitors deal with are those with a re-mortgage though, so fees are consequently more.

The LR was intended at its outset to be something that end users could routinely use without professional help, so I think I'd save £500 and DIY.