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Posted Sat, 03 May 2025 13:49:18 GMT by Paul Mordue
I have the option of buying the freehold of 5 houses so the ground rent payable on those properties would become due to me. Would this just require submission of a TR1 for each of the individual houses?&#160;<br> <br> If so would the fee payable be based on the price of the freehold of teach site or would the value of the property be used?<br> <br> I am not the lease holder of any of the properties.&#160;<br> &#160;&#160;
Posted Sun, 04 May 2025 07:11:15 GMT by Adam Hookway
Paul - the legal ownership would be transferred by way of a form TR1, yes. If all owned by the same people/company then one Transfer could be used<br> The fee is based on the consideration paid&#160;<br> <a href="https://www.gov.uk/registering-land-or-property-with-land-registry/transfer-ownership-of-your-property">Registering land or property with HM Land Registry: Change the registered owner name - GOV.UK</a><br> Land registration is complex, designed to protect legal and financial interests in property. There can be significant consequences for any error. Please consider seeking&#160;legal representation. Before making an application without legal representation, it is important to&#160;<a href="https://www.gov.uk/guidance/making-an-application-without-legal-representation">consider the benefits of using a conveyancer.</a>
Posted Wed, 07 May 2025 13:42:32 GMT by Paul Mordue
Many thanks for the confirmation

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