transfer of equity

[separation]

My husband and I are separating but he is happy for me to keep our flat and transfer his equities to me. How can this be done? Will it be expensive?

[Didwot]

In simple terms you complete a Land Registry form TR1 transferring it from your joint names to your sole name, and register the transaction at HM Land Registry There will be a fee to pay dependant on the half value passing to you. If you have a mortgage then you will have to get the mortgagee's consent and they will have to execute the TR1 as well. However they will only do this if youi can support the mortgage on your own. Please note that any arrangement that you agree with your husband will not stop you (or him) applying to the court for a different settlement of your financial affairs in divorce proceedings, and if the separation is to be permanent then you would be best advised to consider getting divorced now, and obtaining a court order dealing with all the issues