Legal requirements to transfer property

[simontrent]

If person A wanted to transfer ownership of a property to person B, what is the legal requirement to enable this? I assume it is simply a request to change deed titles with the land registry. Is this a simple two minute form signing? I want to ensure the solicitor does not take unnecessary steps at my expense.

Thanks

[Sarnie]

Stamp Duty.

[Sir Bagalot]

Why are you involving a Solicitor?

Is the property mortgaged?

If so then then the mortgage company may insist on a solicitor

If not then call the Land Registry and ask them what forms you need to complete (there are two), AP1 and TR1 ring a bell

[New POD]

I have a supplementary question.

Assuming the old bat who lives next door dies, and I re-mortgage my house to buy her house outright, with no mortgage, with a view to transferring her half of the title of the shared driveway to my house, then building a 3 car length garage about 10 foot wide, and then selling her house, at a slight loss and paying off the mortgage on my house again (I owe £234 approx at present), can anyone see a problem with this idea ?

[PurpleMoonlight]

It is impossible to transfer property these days without using a solicitor or licenced conveyanver because the powers that be have decided that only they can confirm the identity of the purchaser (transferee).

[Rambaud]

A Declaration of Trust/Trust Deed is sufficient to transfer the beneficial interest. The beneficial interest is more important to (say) HMRC for CGT and Income Tax etc. purposes.

SDLT (Stamp Duty Land Tax) is not applicable to gifts (except to a connected company), unless the property is mortgaged.

I recommend taking professional advice first.