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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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#1
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DIY conveyancing
I am purchasing a small piece of land from my neighbour which has its
own title number at the land reistry. I intend to register this at the land registry (and Inland Revenue) myself but have got slightly stuck!! The vendor's soliciter is quite happy for me to do my own conveyancing but can not act jointly as the value is a bit too much. He has however asked me to supply him with a "Transfer Deed" for his inspection but I can not find an example anywhere (I assume it is not the same thing as a Land Regisrty TR1 which I understand I will also have to execute before registration). Can anyone help with the text required for a straight forward "Transfer Deed" please? |
#2
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"Rich" wrote in message oups.com... I am purchasing a small piece of land from my neighbour which has its own title number at the land reistry. I intend to register this at the land registry (and Inland Revenue) myself but have got slightly stuck!! The vendor's soliciter is quite happy for me to do my own conveyancing but can not act jointly as the value is a bit too much. He has however asked me to supply him with a "Transfer Deed" for his inspection but I can not find an example anywhere (I assume it is not the same thing as a Land Regisrty TR1 which I understand I will also have to execute before registration). Can anyone help with the text required for a straight forward "Transfer Deed" please? Go to uk.legal newsgroup, and someone will give you better details on how this works. |
#3
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"Rich" wrote in message oups.com... I am purchasing a small piece of land from my neighbour which has its own title number at the land reistry. I intend to register this at the land registry (and Inland Revenue) myself but have got slightly stuck!! The vendor's soliciter is quite happy for me to do my own conveyancing but can not act jointly as the value is a bit too much. He has however asked me to supply him with a "Transfer Deed" for his inspection but I can not find an example anywhere (I assume it is not the same thing as a Land Regisrty TR1 which I understand I will also have to execute before registration). Can anyone help with the text required for a straight forward "Transfer Deed" please? It sounds as though you may have skipped a number of stages in the usual process. Many of them aren't strictly necessary, but it's best to know what they are so you know what assumptions you've made and what risks you're taking. For instance, have you done local authority searches, examined the Land Registry entries (OC1 - do it online), and exchanged contracts? Normally you would then do the bankruptcy search, send off OS1 (official search with priority) and finally you, as buyer, would complete TR1 with any special covenants etc you've agreed) and send a draft to the vendor's solicitor with your requisitions. Bradshaw's book "House Buying, Selling, and Conveyancing" covers all this quite well, and so does the "Which?" book for straightforward registered property. If you've not done it before, I really would recommend you get, and follow, one of these books. If nothing else it will stop the vendor's solicitor taking the wossname. Best of luck with it: I'm in the middle of my ninth bit of conveyancing, and it's very satisfying when it all goes through. -- Kevin Poole **Use current month and year to reply (e.g. )*** Car Transport by Tiltbed Trailer - based near Derby |
#4
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Dear Kevin
Thanks for your reply. We own all the surrounding land already and are aware of the local search results (no problems there!). Have done the Land Registry office copies entries OC1. We have agreed to go directly to transfer rather than the usual exchange/completion route. A couple of further questions please - 1) Are you actually sayng that TR1 is the only deed of transfer that is likely to be required and that I can submit a draft to the vendor's solicitors? 2) Can you advise when to do the OS1 with protection as I understand that it is only valied for 30 days and preumably during that time I need to obtain a certificate from the Inland Revenue on SDLT 1 |
#5
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"Rich" wrote in message ups.com... We own all the surrounding land already and are aware of the local search results (no problems there!). Have done the Land Registry office copies entries OC1. We have agreed to go directly to transfer rather than the usual exchange/completion route. A couple of further questions please - 1) Are you actually sayng that TR1 is the only deed of transfer that is likely to be required and that I can submit a draft to the vendor's solicitors? My most recent transaction (the only one since the last set of changes in the law) was the sale of a house with registered title, and I didn't even see the TR1 till I turned up for completion. I don't think the buyer's solicitor bothered with an OS1 at all. So yes, the TR1 is the modern substitute for "Whereas..." and "Now this deed witnesseth..." and "hereunto set my hand and seal". You don't even need the sticky paper seal and the performance of putting your finger on it while you recite "I deliver this as my act and deed". "Signed as a deed" seems horribly prosaic for something as splendid as buying land. 2) Can you advise when to do the OS1 with protection as I understand that it is only valied for 30 days and preumably during that time I need to obtain a certificate from the Inland Revenue on SDLT 1 IME the Land Registry are the most helpful, competent, and prompt government department, (or agency, or whatever they are today) I've ever dealt with. Even their online stuff works. So I'd do the OS1 three or four days before completion, and fill the SDLT1 in immediately online. According to Bradshaw the only circumstances you can get away with not sending the certificate with your TR1 and AP1 is if the IR have held onto it for more than 20 days, so I'd guess even the IR must be geared up to dealing with them quickly. -- Kevin Poole **Use current month and year to reply (e.g. )*** Car Transport by Tiltbed Trailer - based near Derby |
#6
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That sounds most helpful thank you.
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