If you own a property, you will hold the legal title of the building or land – or sometimes both. Property may be owned by more than one person and can be owned in different ways. If two or more people own a property, they will either be joint tenants or tenants in common, with different sets of ownership rules applying to each. It is possible to change ownership types, add or remove someone to the property title, transfer part or all or your property interest into another person’s name, or sell your interest in the property.
The type of change you would like to the property title determines who needs to be notified, what forms need to be completed and what fees may need to be paid, including whether any stamp duty will be payable. Our solicitors in Henley can advise on all aspects and help to ensure a smooth transfer process.
For a Free Initial Assessment and no obligation quote, call our property law team today on 01491 411 884.