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Land Registry AP1 form help
Stormy_Sky
Posts: 11 Forumite
Hi, I apologise in advance if my questions have already been asked and answered.
I think it’s more to the fact I just want to make sure I have everything correct before I send everything.
If anyone can help I’d really appreciate it.
My Mother has recently passed away and she's left her property to myself and my children.
We've now got to the stage of filling out forms AS1, AP1 & ID1.
The form we've had the issues with is the AP1, please find below the sections we need help with -
AP1 –
- Section 4 – Application, priority and fees
We put the following information -
Applications in priority - Assent (AS1)
Price paid/Value - (The value of the property)
Fees paid - £100 (As the value is between £200,001 and £500,000
Price paid/Value - (The value of the property)
Fees paid - £100 (As the value is between £200,001 and £500,000
Is this correct? Do we need to add anything else in this section?
- Section 5 - Documents lodged with this form
While doing all of this paper work we've found that my late Father is still listed on the deeds so obviously we'd have to send documents regarding his death.
We put the following information -
Death Certificate - (Name of Mother)
Probate - (Name of Mother)
Is this correct? Do i need to send both a death certificate and probate for my Mother?
Is there any other documents i need to list/send?
- Section 14 - Where the application is sent to Land Registry by someone who is not a conveyancer
We have put the following information -
(Transferor)
My name
(Transferee)
Daughters name
(Transferee)
Sons name
(Transferee)
Is this correct?
0
Comments
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Before you submit those forms, are you planning on keeping the house? If you are your children already home owners?If you are not planning on keeping the house then you don’t need to transfer it, but I’d you are keeping it, there are some serious implications for your children if the don’t already own property.0
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Keep_pedalling said:Before you submit those forms, are you planning on keeping the house? If you are your children already home owners?If you are not planning on keeping the house then you don’t need to transfer it, but I’d you are keeping it, there are some serious implications for your children if the don’t already own property.
What are the implications?0 -
Stormy_Sky said:Keep_pedalling said:Before you submit those forms, are you planning on keeping the house? If you are your children already home owners?If you are not planning on keeping the house then you don’t need to transfer it, but I’d you are keeping it, there are some serious implications for your children if the don’t already own property.
What are the implications?
If you really want to keep it would be better to buy their share out so they get a cash inheritance. Are any of them minors?0 -
Keep_pedalling said:Stormy_Sky said:Keep_pedalling said:Before you submit those forms, are you planning on keeping the house? If you are your children already home owners?If you are not planning on keeping the house then you don’t need to transfer it, but I’d you are keeping it, there are some serious implications for your children if the don’t already own property.
What are the implications?
If you really want to keep it would be better to buy their share out so they get a cash inheritance. Are any of them minors?
Not minors, in their 20's & 30's.
We were looking on keeping the property and then letting the property out as we can't afford to keep 2 houses going ourselves.0 -
Stormy_Sky said:Keep_pedalling said:Stormy_Sky said:Keep_pedalling said:Before you submit those forms, are you planning on keeping the house? If you are your children already home owners?If you are not planning on keeping the house then you don’t need to transfer it, but I’d you are keeping it, there are some serious implications for your children if the don’t already own property.
What are the implications?
If you really want to keep it would be better to buy their share out so they get a cash inheritance. Are any of them minors?
Not minors, in their 20's & 30's.
We were looking on keeping the property and then letting the property out as we can't afford to keep 2 houses going ourselves.
https://www.gov.uk/first-homes-scheme
if you can’t afford to buy out their share the best option is to sell and distribute the proceeds, especially if you have zero experience of being a landlord.0 -
Keep_pedalling said:Stormy_Sky said:Keep_pedalling said:Stormy_Sky said:Keep_pedalling said:Before you submit those forms, are you planning on keeping the house? If you are your children already home owners?If you are not planning on keeping the house then you don’t need to transfer it, but I’d you are keeping it, there are some serious implications for your children if the don’t already own property.
What are the implications?
If you really want to keep it would be better to buy their share out so they get a cash inheritance. Are any of them minors?
Not minors, in their 20's & 30's.
We were looking on keeping the property and then letting the property out as we can't afford to keep 2 houses going ourselves.
https://www.gov.uk/first-homes-scheme
if you can’t afford to buy out their share the best option is to sell and distribute the proceeds, especially if you have zero experience of being a landlord.
I've spoken to the kids and they've decided they'd like to carry on with the transfer of the property which is understandable and they fully understand there will be implications later on down the line.
Now we shall just wait for the help needed with completing the AP1 and the process will hopefully get started.
Thank you again, i really appreciate the info and the advice0 -
I would not expect solicitors to advise on that sort of thing it is really down to the beneficiaries to decide what to do with their inheritance.
1 -
Solicitors aren't tax specialists generally, and at the time there may not have been any tax implications anyway.
Do you kids understand that if they wish to buy a house worth £200k, they will have to pay £10k SDLT because they own a share in the "family home".The person who has not made a mistake, has made nothing0 -
RAS said:Solicitors aren't tax specialists generally, and at the time there may not have been any tax implications anyway.
Do you kids understand that if they wish to buy a house worth £200k, they will have to pay £10k SDLT because they own a share in the "family home".
Yeah the kids fully understand the implications they will face if they go ahead with this.0
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