House transfer

My ex has agreed to me buying him out of house. I have had mortgage offer from bank and now need to proceed with the transfer.

Does anyone know how much the transfer will cost me? Do I have to go through a solicitor? How much are they likely to charge for their services in addition to land registry charges?

Any help would be much appreciated.

Hi,
I did this a little while ago, also as part of a remotgage and all in the solicitors fees /land registry etc came to around £1000

LB

Ekaterine,

Do you have a legally binding Consent Order? It is not usually a good idea to go ahead with handing over money until this is in place.

The form you need for the transfer is a TR1. I used an online conveyancing service which as far as I can remember cost about £400.There was also a fee for the remortgage.

Hadenoughnow

A thousand pounds!!! I thought I was done with paying silly money to solicitors!

Our consent order is for the house to be sold but as we have failed to find a buyer we have agreed I should take it over. This will mean starting paying all over again for it as we had an endowmnet mortgage and he will keep the endowments and other money.

Who pays the cost? Do we share that or do I have to pay as I''m the one keeping it?

Ekaterine

Usually the one who is getting the benefit pays.

It is worth phoning round a few conveyancers to see what they charge.. many do a fixed cost service.

Was the arrangement re the endowment policies and other money enshrined in the Consent Order?

Hadenoughnow

Well, he is getting the benefit of the money!
All endowments, cash and equity was to be split 50/50 on sale of the house. I was to receive the cash from him then but his share of the equity is equal to the money due to me and all the endowments.

I would have thought it would cost less than the conveyancing to sell to a stranger. Surely it''s not that complcated to take a name off the deeds!

Conveyancing costs are the same no matter who you sell to. As I said it should be no more than £400.

Hadenoughnow