Fees

Hello Adam,


My father & mother in - law each own 50% of a property . They are transferring that property ( current estimated value of £200,000 to their two grandchildren by way of sale in the sum of £1  . There are no outstanding mortgages attached to the property . I have completed TR1 together with ID3 forms in respect of each party ( latter to be certified by a non connected party  .

I am a little confused as to which form I complete to submit the relevant fee . A first glance it appears to be a scale 2 AP1 scenario but I would be grateful to for confirmation of the same .

With Kind Regards  Gareth Hudson 
 

Hello Gareth - form AP1 is always required when updating a registered title 
Complete panel 4 with the 'full current market value' and pay a Scale 2 fee on that amount

Thank you Adam