transfer deeds

[nova48]

i wish to be the sole person on the deeds for the house.my husband wants to sign the and small morgage over to me. what do i do and to what cost. we both agree to this

[Sylday]

There's no way you can do this without involving a solicitor. Perhaps you should first consult the building society or bank from which you have the mortgage; they should be able to give you some idea of the legal process and costs.

[MINISOOMS]

i something similar to this a while ago,your husband will be "gifting"you the value of half a house it costs about 250 at the solicitors to do this,well mine did, i obviously dont know your circumstances but this can involve the dreaded words TAX

[Maude]

It can be a simple DIY process. I assume your property is registered, if not please say. On this assumption proceed as follows; 1. Go to www.landreg.gov.uk Forms/Publications, then Forms, and print off AP1 and TR1. 2. Return to the front page and go to Fees then Online Calculator. Tick Alteration of the Register then enter the vaue of your property in Stage 2 and press Fees Calculator. 3 In TR1 (a) enter at 11 "The transferee will hold the property as Sole Proprietor" (b) each of you must sign in 13 as follows; Signed as a deed by (your full name)in the presence of (witness name) then underneath Signature of witness Name in block capitals Address (the witness can be anybody other than yourselves) 4. Phone [phone] tell Option 3 what you wish to do who will give you a Form Number then speak to Option 1 who will send you the form. There is no Stamp Duty to pay. 5 Put TR1, AP1, the LR fee cheque and the Revenue form together and send to your mortgage provider explaining what you wish to do and asking them to add (a) their letter of consent and (b) the existing Deeds/Land Certificate to the bundle and send to your local District Land Registry Office (look again at landregistry.gov under Contact Us if you are not sure where this is). 6. After 5/6 weeks the LR will send to your mortgage provider (not you) a new Land Certificate in the new name. The transfer is treated as a gift by the Revenue, and although there is no tax to pay at the transfer your husband must survive for more than 7 years from the date of the gift to avoid IHT entirely. If you hit a problem post here and I will unravel.

[Maude]

PS. In Form TR1 put "x" in the top box of 1.

[soupdragon]

have read answer posted by Maude - does this apply if one person wats to transfer their share of a hnouse over to two other owners of the same house - there is no mortgage involved?

[becdanmax]

My husband owns his home but the home is in his mothers name. We are looking to sell the home. We would like to know the best and the easiest way to transfer the deed into our name so we can move.