• Transferring Ownership Of Flat To Son.

    By Guest on 12th Aug 2015

    My son lives in an ex council property flat which I own. He does not pay me rent. I would like to transfer ownership to him. I bought the property in February 2013. How do I go about this-any advice?

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    By Guest on 12/08/2015

    The first question to ask if Dave is there a mortgage on the property? If there is then it will need to be repaid before the transfer can take place. In other words your son will have to buy the property for at least an hour with outstanding mortgage. If there is no mortgage then you simply need to sign a TR1 form and Lodge this with the land Registry accompanied by form ID1 for each of you. You may find our transfer of equity guide useful which you can purchase from our site.

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