Change of Ownership

Our expert property lawyers can help you decide how to legally transfer your property in the manner best suited to you.

We provide comprehensive advice on the implications of a transfer, insolvency considerations and whether you need to update your Will or take tax planning advice.

What is the difference between Joint Tenants and Tenants in Common?

Joint Tenants beneficially own the whole of the property and on the death of one of the tenants, the property passes under the rule of survivorship to the surviving tenant(s).

Tenants in Common can specify the exact shares of the property owned by each tenant and on the death of a tenant the property passes under each individual tenant’s will or intestacy.

Transferring ownership of a property

After a divorce, separation or bereavement you may wish to transfer the legal ownership of your property.

If there is an existing mortgage on the property you will firstly need to obtain the lenders consent to the transfer. Once this has been obtained we can then begin the transfer of the legal ownership of the property.

If a Property Transfer is made pursuant to a Financial Order within divorce proceedings then there is usually no Stamp Duty Land Tax payable. However if it is not then there is a possibility that Stamp Duty may be payable. In order to calculate whether any Stamp Duty is payable then you will firstly have to ascertain how much is outstanding on any existing mortgage which is currently registered against the property. This will then need to added to any consideration which is being paid from one party to the other. If half the existing mortgage plus the consideration payable to the other party exceeds £120,000.00 then Stamp Duty Land Tax will be payable.

Gift of Land

If you wish to transfer your property for no monetary value, our experts provide advice on all property related matters including will amendments, inheritance tax and division of assets.

For further information on Inheritance Tax Planning, please click here

Our Experts

Tim Sharpley

Partner & Solicitor

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David Walton

Partner, Chartered Legal Executive & Head of Residential Property

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Craig Wells

Partner & Solicitor

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Bethanie Watson

Associate Solicitor

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Lesley Curtis

Solicitor

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Paul Dyer

Consultant Solicitor

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Barbara Broome

Conveyancing Executive

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Gemma Carter

Conveyancing Executive

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Sophie Coe

Conveyancing Executive

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Jennie Hedges

Conveyancing Executive

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Kelly Farnes

Paralegal

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Davina Axon

Conveyancing Secretary

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Pauline Baker

Personal Assistant

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Eileen Blackburn

Conveyancing Assistant

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Hayley Bugler

Conveyancing Assistant

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Debbie Burningham

Secretary

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Cassie Filleul

Secretary

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Leanne Frost

Conveyancing Secretary

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Julie Grose

Paralegal

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Lynette Iles

Residential Conveyancing Assistant

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George Patey

Conveyancing Assistant

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Jayne Smith

Secretary

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Robyn Swain

Paralegal

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Olivia Thomson

Legal Apprentice

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Hayley Tilsed

Paralegal

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Kathryn Wanklin

Secretary

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Summer Excell

Administration Assistant

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Here to help

Our specialist teams can provide full service legal advice and assistance, providing practical and cost-effective solutions.

Our offices

Bournemouth
302 Charminster Road Bournemouth Dorset BH8 9RU
01202 525333 Contact
London
Office 309 107 – 111 Fleet Street London EC4A 2AB
02039 784720 Contact
Poole
14a Haven RoadCanford Cliffs, Poole Dorset BH13 7LP
01202 709898 Contact
Ringwood
Monmouth Court Southampton Road, Ringwood Hampshire BH24 1HE
01425 484848 Contact
Swanage
55 High Street Swanage Dorset BH19 2LT
01929 422233 Contact
Wimborne
39a East Street Wimborne Dorset BH21 1DX
01202 057676 Contact