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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


House transfer

  • Ekaterine
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21 Apr 12 #325578 by Ekaterine
Topic started by Ekaterine
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.

  • Lostboy67
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21 Apr 12 #325581 by Lostboy67
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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

  • hadenoughnow
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21 Apr 12 #325582 by hadenoughnow
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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

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21 Apr 12 #325585 by Ekaterine
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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?

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21 Apr 12 #325586 by hadenoughnow
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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

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21 Apr 12 #325589 by Ekaterine
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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!

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21 Apr 12 #325593 by hadenoughnow
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Conveyancing costs are the same no matter who you sell to. As I said it should be no more than £400.

Hadenoughnow

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