Body & Soul0 min ago
transfer of property ownership
A friend of mine is looking to transfer ownership of his property into my name,the property is owned outright so is this a straight forward proceedure as no money will be changing hands.Will this require a TRANSFER deed?, and a LAND REGISTRY fee? to make me the sole owner of this property or is their more to it than that?.the property was originally bought outright from the council.
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.Simply phone your local District Land Registry Office who will guide you through the process, which, as there is no mortgage, you can easily DIY. If you do not know your Office, click this link to locate
http://www.landreg.gov.uk/regional/areas/
There are 2 Forms to complete for the Registry, the fee depends on value but is around the �50 mark, and there is a Declaration to make for the Revenue (the LR will tell you where to contact the Revenue).