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nightsong
Posts: 523 Forumite
Hi wise MSE people.
Please could someone advise on this situation. My son and his girlfriend jointly own (tenants in common) a maisonette and an associated garage. There is no mortgage involved. The maisonette is leasehold (999 year lease) and the garage is freehold - they were bought together at the same time. We paid for both, with half the purchase price as a gift to our son and half as a loan to be repaid by them both.
She has left him, and is willing to have her name removed from the deeds in return for half the payments they made towards the loan, which will be about £2,700 for her. We are willing to pay her this.
It seems quite straightforward on the face of it and we would very much like to avoid solicitors' costs if possible. I'm quite clued up about this kind of thing, e.g. I've done Powers of Attorney myself before. So far I have downloaded form AP1 from the Land Registry and I know there is a companion "how to complete the form" document.
Do you think it's reasonable to DIY this? Are there any pitfalls I haven't forseen?
Thanks!
Please could someone advise on this situation. My son and his girlfriend jointly own (tenants in common) a maisonette and an associated garage. There is no mortgage involved. The maisonette is leasehold (999 year lease) and the garage is freehold - they were bought together at the same time. We paid for both, with half the purchase price as a gift to our son and half as a loan to be repaid by them both.
She has left him, and is willing to have her name removed from the deeds in return for half the payments they made towards the loan, which will be about £2,700 for her. We are willing to pay her this.
It seems quite straightforward on the face of it and we would very much like to avoid solicitors' costs if possible. I'm quite clued up about this kind of thing, e.g. I've done Powers of Attorney myself before. So far I have downloaded form AP1 from the Land Registry and I know there is a companion "how to complete the form" document.
Do you think it's reasonable to DIY this? Are there any pitfalls I haven't forseen?
Thanks!
0
Comments
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You will also need Form LR TR1(to transfer from son and girlfriend to son and you or just son) and LR ID1 for son and girlfriend which is the ID form Land Registry want completed where you don't have a solicitor acting for you.
As it's Leasehold, you also might have to serve notice to advise in the change of ownership. Not too clued up on that aspect. Hopefully someone will be along who can give some pointers0 -
We enquired about putting my husband's name on the registration(deed papers no longer needed) of our house which is in my name.We were told that the options were using a solicitor or DIY,the latter requiring that both parties attend at our areas offices as a form of identification.0
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You need forms
TR1
AP1
ID1
ID can either be verified by a solicitor (ring round for quotes just for this), or free at a Land Regisry office (but only at the same time as submittting all 3 completed forms).
See
https://www.gov.uk/government/publications/registered-titles-whole-transfer-tr10 -
Great information, thank you everyone for your helpful comments. We will have a go!0
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I recently did the forms myself for a transfer which was a little complicated after solicitors wanted to charge a fortune and were useless... It is not impossible but some of the forms are a bit confusing but if you go though the guides you can work it out.. The people at the LR offices are really good and will check over the forms, if you have done something wrong or missed something they will let you know and send it back to be amended.0
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