What is a title Transfer Deed?
The Transfer Deed is a legally binding document that transfers ownership of a property as per the terms set out therein. The Transfer is registered at the Land Registry and allows them to effect the transfer in title, to be noted on the Official Copy Entries.
Some of the reasons people need a Transfer Deed:
- Property sale or purchase – Conveyancer or Conveyancing solicitor
- Adding or removing persons
- Divorce – It is advised to speak with a family lawyer on the best way to go about this and protect your position.
- Death – (must inform HM Land Registry if deceased)
Transferring a property that has been purchased or sold
When you buy or sell a property, you will need to go through the Conveyancing process.
Conveyancers or Conveyancing solicitors will register a property in the name of the buyer with HM Land Registry, this process includes the requirement of a Transfer Deed.
In order to transfer a property into one person’s name, you will need to complete a ‘Transfer of Whole of Registered Title’ form and send it to HM Land Registry, along with the correct fee and identity verification forms.
If the property was jointly owned as tenants in common, HM Land Registry will again need to update the title to remove the deceased person’s name from the register. The deceased person’s interest (their share) will be protected by a restriction on the register and the share will then form part of their Estate
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