• Swap Garages

    By Guest on 29th Jan 2017

    My neighbour and I own garages at either end of a block of 4. We have used each other's garage unofficially for the last 20 years how easy would it be to make the swap legal

  • 1 Answers

    By Guest on 30/01/2017

    It depends on a couple of things:

    1. are either of the garages leasehold or do you both own the freeholds? If either is leasehold, what you propose might not be permitted under the terms of the lease

    2. is there a mortgage on either property? If they are associated with your houses and you have mortgages on your houses it's likely the garages will be under the same mortgage. If so you will need the consent of the lender(s) who will need to sign a "deed of substituted security" or similar.

    Barring these two issues it should be quite straightforward. Each of you signs form TR1 (or TP1 as the case may be) in favour of the other which you swap and then submit to Land Registry for registration

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