signing over your home

[pippasheba]

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 ?

[Eve]

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/