any solicitors here. how much would taking my name off my dad's deeds cost? - HotUKDeals
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any solicitors here. how much would taking my name off my dad's deeds cost?

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I am on my dad's mortgage and so on the deeds to the house. I am just in the process of looking to buy my first house with my wife. Because of this I need to come off my dad's mortgage so the bank wi… Read More
tovtm Avatar
10m, 2w agoPosted 10 months, 2 weeks ago
I am on my dad's mortgage and so on the deeds to the house. I am just in the process of looking to buy my first house with my wife. Because of this I need to come off my dad's mortgage so the bank will lend us more.

We have gone through the process of taking my name off the mortgage but they have asked us to see a solicitor to get my name signed off. How much would this cost and what's the best way of finding the right one to do this for us. Thank you
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tovtm Avatar
10m, 2w agoPosted 10 months, 2 weeks ago
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#1
I am, we don't do conveyancing but I think it should be around £300-£350. You can probably do it yourself via land registry.
#2
It would be a discussion with the mortgage company, and they may look to renegotiate rates / lending depending on deal and term to remove your name.
#3
Done this myself not long ago via a solicitor. It cost £300.
BUT, having seen what they did, you could do it yourself. All my solicitor seemed to do was print off a title deed form from the land registry website, fill in the fields and sent it to me to sign, then they sent it to land registry. It was the worse £300 I've ever spent!
Just go on the land registry site and download the forms and do it yourself. It will take less than 10 mins to complete the form. If you have trouble, call them up and they will help.
You will also need to complete a HMRC / Inland revenue form - even though your name is coming off, you need to do this to declare that no money is exchanging and therefor no stamp duty / capital gains tax is due. Again, download the form from the website and call if your having issues.
Honesty, both forms are self explanatory.
If you want to go the solicitor route, I used homeward legal - just google them. They have a head office in London but will use a local solicitor but all correspondence will be through the post. Hope this helps.
#4
This post is why I like this site!! Good advice and no stupidity!!
#5
Could I add a supplementary question to you experts. If you have a joint mortgage and want to remove one of the partners on deeds and montage what would be the process ? I suspect I know the answer is visit the Leander and pay them and a new agreement at another interest rate. I ask because our mortgage is only about £40k and wondering if the would be any advantage to moving it to one of us, perhaps the other could go for a first time offer :-) (suspect not).
#6
ktm666
Done this myself not long ago via a solicitor. It cost £300.
BUT, having seen what they did, you could do it yourself. All my solicitor seemed to do was print off a title deed form from the land registry website, fill in the fields and sent it to me to sign, then they sent it to land registry. It was the worse £300 I've ever spent!
Just go on the land registry site and download the forms and do it yourself. It will take less than 10 mins to complete the form. If you have trouble, call them up and they will help.
You will also need to complete a HMRC / Inland revenue form - even though your name is coming off, you need to do this to declare that no money is exchanging and therefor no stamp duty / capital gains tax is due. Again, download the form from the website and call if your having issues.
Honesty, both forms are self explanatory.
If you want to go the solicitor route, I used homeward legal - just google them. They have a head office in London but will use a local solicitor but all correspondence will be through the post. Hope this helps.

I assume they notarised it? I guess you could do everything yourself then have a solicitor notarise (stamp) it for much cheaper and send it off
#7
PulisOut
Could I add a supplementary question to you experts. If you have a joint mortgage and want to remove one of the partners on deeds and montage what would be the process ? I suspect I know the answer is visit the Leander and pay them and a new agreement at another interest rate. I ask because our mortgage is only about £40k and wondering if the would be any advantage to moving it to one of us, perhaps the other could go for a first time offer :-) (suspect not).


First time offer?
To remove a person from the deeds is basically as I said above.
To move someone from a mortgage would involve the other person applying for a new mortgage in their own name, so yeah, you'd possibly go on a new rate.
#8
kiish
ktm666
Done this myself not long ago via a solicitor. It cost £300.
BUT, having seen what they did, you could do it yourself. All my solicitor seemed to do was print off a title deed form from the land registry website, fill in the fields and sent it to me to sign, then they sent it to land registry. It was the worse £300 I've ever spent!
Just go on the land registry site and download the forms and do it yourself. It will take less than 10 mins to complete the form. If you have trouble, call them up and they will help.
You will also need to complete a HMRC / Inland revenue form - even though your name is coming off, you need to do this to declare that no money is exchanging and therefor no stamp duty / capital gains tax is due. Again, download the form from the website and call if your having issues.
Honesty, both forms are self explanatory.
If you want to go the solicitor route, I used homeward legal - just google them. They have a head office in London but will use a local solicitor but all correspondence will be through the post. Hope this helps.

I assume they notarised it? I guess you could do everything yourself then have a solicitor notarise (stamp) it for much cheaper and send it off


Possibly, to be honest I have no idea.
If they did, I'm not sure what documents other than my id documents they would notarise.
#9
If you need something certified solicitors usually charge a fiver !
#10
Hi

what about adding someone to the deeds of your property. I've been told stamp duty can come in to play is this true? any help would be greatly appreciated.
#11
irfy
Hi
what about adding someone to the deeds of your property. I've been told stamp duty can come in to play is this true? any help would be greatly appreciated.

I believe you can gift the share then there would be no stamp duty. Not sure if this gift is only allowed between spouse though.
banned#12
I had a brief look at this myself recently & believe it can be done for less than £100 direct with the land registry.
#13
Thank you for the answers. If I was to go down the route of doing this ourselves can anyone tell the correct/right site to use? Is it the government website or landresgistry-titledeeds
#14
Thank you for the reply if we were to go down the route of doing this ourselves what is the proper official website to use in regards to land registry
#15
tovtm
Thank you for the reply if we were to go down the route of doing this ourselves what is the proper official website to use in regards to land registry
start here
https://www.gov.uk/government/organisations/land-registry
#16
griff4
This post is why I like this site!! Good advice and no stupidity!!


Can you tell me who the solicitor was please I'm struggling to find any that cheap and I doubt it needs to be a solicitor right by me. Thanks in advance

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