Split Title Affidavit For Free

If you wish to lodge an application: You must apply on form AP1, notifying us that a transfer is not required. You must explain in a covering letter the reason why sub-division is required. If the land is subject to a mortgage, consent to the subdivision of title must be obtained from the lender.

As a freehold owner of a property, you can split your property's title into two or more and create leasehold titles. The application to split your property's title can be made at the land registry. There will be some conveyancing matters involved and you will need scale drawings of the intended flats.

One must pay a minimum Land Registry fee of £40 regardless of whether or not you fill and submit the forms yourself. The cost may be more than £40 depending on the exact situation. For people who are into joint ownership of more than one property, the Land Registry fee is £150.

An affidavit of title is a legal document provided by the seller of a piece of property that explicitly states the status of potential legal issues involving the property or the seller. The affidavit is a sworn statement of fact that specifies the seller of a property holds the title to it.

The cost to split title deeds includes conveyancing work completed by a solicitor. You can expect to pay between £100 ? £500 for this. The price to split title deeds also includes further fees. You'll usually have to pay £8 for an online identity check.

Title splits are, as the name would suggest, splitting (or dividing) the title deeds of one building. As a result, that one property becomes two, three or four etc. It's a smart property investment strategy ? one which considerably increases the yield of that particular property.

The cost to split title deeds includes conveyancing work completed by a solicitor. You can expect to pay between £100 ? £500 for this. The price to split title deeds also includes further fees.