Donate SIGN UP

signing over your home

Avatar Image
pippasheba | 20:45 Thu 17th Jul 2008 | Family & Relationships
1 Answers
What is the legal requirments if parents who own their property outright with no mortgage , and they would like to sign over ownership of said property to their son ?
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by pippasheba. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Provided it's not to avoid the proeprty being at risk for paying for care or there's a risk of either parent becoming bankrupt in the next 6 years then it's a simple form providing there are no other restrictions on the title register requiring something to be done before a transfer can take place.

The form is a TR1 which would need to be sent to the Land Registry with form AP1 and a fee of �40.00 if no money is being paid for it.

You can get a copy of your title here...

http://www.landregisteronline.gov.uk/

The forms are downloadable here...

http://www1.landregistry.gov.uk/publications/? pubtype=1

You find your Land Registry here for extra advice...

http://www1.landregistry.gov.uk/regional/

Only 1 answerrss feed

Do you know the answer?

signing over your home

Answer Question >>