• Part Equity Transfer

    By Guest on 19th Jul 2016

    Hi, I own 25% of a property worth £50k with 2 other parties owning the remainder. I would like to sell part of my share to one of the other parties i.e. transfer 5% equity in the house from myself to the other party, so that I am left with 20% share worth £40k. Please can you advise what forms I would need to complete for the Land Registry, I am not sure it is a TR1 as there is no change to the existing owners, just a change in the equity share.

    Many thanks,

    Rachel

  • 1 Answers

    By Guest on 21/07/2016

    There is nothing to register at Land Registry as there is no transfer of ownership of the legal title. I suggest you enter into a trust deed with the other owners. If there is an existing trust then this should be brought to an end

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