Transfer of equity/change of deeds

[mollythew]

Hi, can anyone tell me whether my dad is allowed to either transfer some equity or add mine and my brother's names onto thed eeds of the house. At the moment he owns the house outright (subject to a 23k charging order for some building work) with my mum who is severley mentally disabled and unable to handle any finances etc when my dad dies. Is there an easy way to do this

[Cags70]

The obvious answer is to go to a solicitor and they will be able to arrange this for you. The downside of this is that it is a very costly exersise. It would cost you hundreds of pounds. This situation has recently occured in our family and there is a very simple way of adding or amending names to the title deeds of the property by simply contacting the land registry and asking for a form which you fill in yourself ( and all relevant parties) the fee for this is in the region of �50. Its very straight forward and will save you money. Hope this is of some help to you.

[Eve]

Depends on any restriction or similar the people with the benefit of the charging order have put on the title.

You could check with the Land Registry as to what they would need on order to register the change to the title.

You will need your title number and can find that here...

http://www.landregisteronline.gov.uk/

Find the appropriate office here (for where the property is)...

http://www1.landregistry.gov.uk/regional/

The process is quite simple, a TR1 (transfer deed) to the Land Registry with and AP1 form and the appropriate fee, should be �40.00. I believe the Land Registry now ask for ID from private individuals (ie not send via a solicitor)

Forms downloadable here...

http://www1.landregistry.gov.uk/publications/? pubtype=1

If on the title has someone got a power of attorney or similar to sign for your mum?

Bear in mind that even if you get your names on then there may be problems selling or remortgaging without paying off the charging order.

A solicitor should be able to do this quite cheaply (I do as not much work involved) and make sure you all get the proper advice.