Split Title Resolution For Free

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.

When property changes owner, the deed transferring the property must be registered in the Land Register of Scotland. The land register is our main register, and it captures all property transfers. It's replacing the General Register of Sasines. Land registration is a complex process that requires legal knowledge.

Title splitting is the strategy of taking a Freehold property (normally a block of flats) and 'splitting' the units into individual leasehold properties, normally on to leases over 125 years. The idea behind this strategy is that by splitting the title, you increase the value of the property as a whole.

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.

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.

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.

Answer: The process to split a piece of land into smaller pieces is known as "subdivision." The subdivision process starts with the Regional Planning Department (DRP) where a tentative map must be filed first. After the tentative map is approved, a final map must be processed and recorded through Public Works.