• Can We Transfer Land We Own Freehold ,no Mortgage,to A Company Again Owned By Us Without Using A Solicitor

    By Guest on 14th Nov 2020

    My brother and I bought a plot of land for cash some years ago and have now got planning permission to build a house on it .We have set up a company to deal with the build and wish to know if we can sell the land to the company, again for cash ,funded by ourselves,simply by dealing with Land Registry and using forms TR1,AP1,and ID1 without involving a solicitor

  • 2 Answers

    By Guest on 17/11/2020

    I am helping my mother transfer her property to my sister for a market price - my sister knows the property well and it has been in the family for 30 years. I was not intending to use a solicitor and I don't think involving one is required or necessary in these circumstance. However. I would use a solicitor to protect your interests if there is a possibility of dispute between buyer and seller.

    However I do have some queries of my own.

    Documentation: I was intending to use only the forms you have noted in ur question. I don't believe there's a need for buyer and seller to agree/execute a formal sale and purchase contract as condition of registerting a transfer. However I 'm not sure about that - if anyone knows please advise.

    Even if not required, I am now thinking that it may be useful to have the agreement to evidence and document the sale/purchase price. I have a feeling that it may be useful to have such a document for the sole purpose of proving the price and/or that it is an arms length transaction e.g. for stamp duty and/or other tax purposes.

  • By Guest on 20/11/2020

    Thank you for your comments .,remember a contract can be verbal as well as written and the price is noted on the land registry form AP1 as it decides what fees you pay .The forms are, like most legal documents,difficult to interpret, but there are videos describing how to fill them in and what is really required .Watch ,watch and watch again and you can save time and money and get great satisfaction from doing it yourself

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