Licensed Conveyancers
If you are currently a joint owner of a property and wish to have the property transferred into your sole name, whether it is subject to a mortgage or not, we can do that for you. Similarly, if you currently own a property solely and wish to transfer it into the joint names of yourself and another, we can do that for you.
If the property to be transferred is subject to a mortgage, the consent of the mortgage lender will be required before the matter can progress. You will need to apply to the mortgage lender for such consent.
You may be wondering what it is exactly that we do when acting on a Transfer of property. To assist, a brief outline of a typical transaction involving a transfer from joint names to a sole name subject to an existing mortgage is set out below.
WHAT WE DO
1. If the title is currently unregistered obtain the title deeds to the property and (if title is registered at the Land Registry) obtain Official Copy entries from the Land Registry.
2. Check the Official Copy entries to ensure that no other charges have been registered subsequent to the mortgage.
3. Once the mortgage lender issues written consent to the transfer, we prepare a Transfer deed in accordance with the mortgage lender’s instructions. We then arrange for this to be signed by both of the property owners and also the mortgage lender.
4. Carry out all final searches in respect of the property.
5. If the transfer is proceeding at a price, we pay to the party transferring their interest in the property the agreed sum.
6. Register the transfer at the Land Registry and once registered return the deeds to the mortgage lender or forward to the client for safe keeping.