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How much will it cost me to change the names on my property deeds after a separation?

How much will it cost me to change the names on my property deeds? This depends on whether you have an existing mortgage or not and if the property is leasehold or freehold.

A Transfer of Ownership is required when you wish to transfer part or all of your property to another person. This can be vital for several reasons, but most commonly itโ€™s due to a relationship breakdown. The process allows you to legally add or remove a person from the property title deeds, leaving at least one of the original owners in place.

However, if no original owner is remaining on the title deeds, you would require ourย conveyancingย services, as this would become aย sale or a purchaseย rather than a Transfer of Equity, even if no money changes hands.

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How much will it cost me to change the names on my property deeds and what is included in the price?

  • Drawing a Transfer Deed to transfer the ownership of the property
  • Obtaining relevant signatories
  • Dealing with your lenderโ€™s consent to the transfer (where applicable)
  • Dealing with your remortgage (where applicable)
  • Dealing with your landlordโ€™s requirements for the transferย  (where applicable)

What is not included?

  • Tax advice
  • Anything not listed as included above

Depending on your circumstances, Stamp Duty Land Tax may be payable. This hasย not beenย included in the quote. If SDLT is due, an additional ยฃ75 + VAT will be added to your quote for completing and filing the SDLT return.ย Land Registry Feesย are due and will be payable based upon the purchase price. The Finalย Search Fee will be ยฃ20 plus VAT and Title Search Fee will be ยฃ20 plus VAT for a freehold or ยฃ30 plus VAT for a leasehold. We also have anย additional fee scaleย you may wish to refer to.

Will I have to pay Stamp Duty Land Tax (SDLT)?

Much the same as when a property is purchased from the previous owner when you transfer your property deed, SDLT needs to be considered.

We need to look at what the โ€˜considerationโ€™ for the transfer is. The consideration is anything of monetary value that is provided to the owner of the property to effect that transfer. For example, this may be cash, the repayment of the mortgage, credit cards, etc.

SDLT is calculated on the total consideration for the transfer.

2025-03-27T16:42:24+00:00
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