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Posted Fri, 13 Jun 2025 15:39:52 GMT by John Conner
Hi!<br> <br> I'm about to submit a TR1 form for a change in ownership for our family house from my mother and father as joint tenants to myself (son) and motgher as tentants in common (50/50 split).&#160; As the last sale was not registered, we're submitting a FR1 to register as well (rather than an AP1).<br> <br> There is no outstanding mortgage on the property and the finances are being handled directly between myself and my father.<br> <br> Regarding fees... there are several points I'd like to clarify if possible:<br> &#160; <ol> <li>My understanding is that this is subject to scale 1 as there is a financial consideration rather than a gift - even though this is not a mortgage</li> <li>After surveys/etc the value of the property has been agreed as being £220,000 - but as my mother - currently a joint tenant, and to become a tenant in common - remains a tentant, so the amount of the financial&#160;consideration is 50% of the agreed property value - £110,000</li> <li>As there is no mortgage, we would need to provide a signed statement of value regarding the property</li> <li>As we are citizens rather than a business, our only means of submitting FR1 and TR1 is postal - we cannot use any online portals - and therefore we pay fees under the &quot;apply by post&quot; column in the scale 1 fees table</li> <li>There is only one fee applicable for submitting both FR1 and TR1 for the same transaction - ie, we don't pay one fee for the first registration via FR1 and a 2nd fee for the transfer via TR1</li> <li>The amount of the fee (as of today) would be&#160;£230</li> </ol> Thanks!<br> <br> John
Posted Fri, 13 Jun 2025 16:21:27 GMT by Adam Hookway
John - a first registration will attract a scale 1 fee. If there is a consideration being quoted then the fee is based on that amount

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