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Selling freehold garage, help with forms AP1 and TR1 please
Bartoni79
Posts: 131 Forumite
Hi, I'm trying selling my freehold garage lock up which is on its own title with no mortgage and need to fill in forms AP1, ID3 and TR1.
I wonder if someone could help..Land Registry are in the process of doing a help video on TR1 and AP1 but they haven't been posted yet.....
- Do I submit AP1 and ID3 first, then wait for LR to contact me before submitting TR1?
- What date do I need to put onto TR1 - is it an future date 3 months from now assuming it takes LR 12 weeks to process docs? I've seen on videos not to put a date before completion but what is completion determined as? the date AP1 is acknowledged by LR?
- What fee do I need to pay? I've gone on the LR website and it says Standard fee of £40 and Electonic fee of £20?
- in section 13 (2) of AP1 do i need to add my name (transferor) and the transferees name?
Are there any example forms filled in that anyone knows of.
Many thanks
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Comments
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The completion date is when you complete the sale. So that's up to you and the buyer to agree, not the LR. You don't register the sale before you've sold, otherwise you'll have nothing left to sell...1
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Houser1977 said:
Hi, so thats when the money has been transferred, the tr1 form is sent off?The completion date is when you complete the sale. So that's up to you and the buyer to agree, not the LR. You don't register the sale before you've sold, otherwise you'll have nothing left to sell...0 -
Bartoni79 said:Houser1977 said:
Hi, so thats when the money has been transferred, the tr1 form is sent off?The completion date is when you complete the sale. So that's up to you and the buyer to agree, not the LR. You don't register the sale before you've sold, otherwise you'll have nothing left to sell...
You send everything off after you have completed and received the money. You don't have to do it the same day, a couple of days or week after is fine. You have to send all paperwork together. Check with LR whether the ID3 is still applicable though as there have been recent changes to it.0 -
Hi, so I receive the full sale amount of cash in my bank account, then send off AP1, TR1 and ID3 together? I spoke to LR yesterday abd thry said it was still applicable0
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You are selling. So, the normal is that you hand over the signed TR1 on completion, and the buyer then registers his purchase. Does the buyer have a solicitor?No reliance should be placed on the above! Absolutely none, do you hear?1
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Yes he does have a solicitor? Do I have the completed tr1 to his solicitor upon receipt of funds?0
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If you haven't got a solicitor and your buyer does, they aren't going to hand over any money until you give them the signed Transfer Deed, which they will draft. You have nothing to do with registering the purchase, other than providing the ID forms to the buyer's solicitor for their application.1
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The very fact that you are so unsure of the process suggests that you really should be having this dealt with by a solicitor, OP. They undergo training and professional development for good reason - and ultimately, the charges you will see for a relatively low value purchase are going to be far lower than the possible financial risk of getting things wrong. there are things in life where trying to DIY it are a false economy - this is one, and wedding photos are another.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her2 -
Where is the buyer's solicitor? Local (ish) to you?Agree a Completion date with the buyer/their solicitorReceive the draft TR1 from buyer's solicitor, and approve it (or get it amended)On Completion day, go to buyer's solicitor's office, hand over thr TR1 (which you previously approved and have now signed), and confirm receipt of funds in your bank.BUYER, then sends TR1 etc to Land Registry. Not you.(if it was up to the seller to send the docs to LR, he could conveniently forget and remain the registered owner!)2
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