• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Changing Owner details

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Changing Owner details

    Hi, would be grateful for some advice. Am selling/buying properties. The intention is to buy the property I will be living in as a joint tenancy, but there is a potential complication around stamp duty which would mean it needs to be purchased by one person. Does anyone know how easy it is to change the names on a contract? Can a contract just be drafted and the names changed last minute before exchange, or is it not as simple as that.
    Tags: None

  • #2
    It certainly can be changed, but it does bring complications. The first question a solicitor should ask of each file is 'Who is my client?' The change is fundamental to what is going on, because the answer changes
    Do not let tax questions lead you into a complicated life. It is a choice you make, but you seem to be saying that the intention is still (at some point) to have two owners. Setting out with one seems to invite complexity.

    Comment


    • #3
      If you are purchasing/selling through a solicitor, then the simple answer would be to consult the solicitors. They should be able to clarify matters for you.

      Additional difficulties may arise if there is a mortgage involved in the purchase, as the lenders would need to approve any changes.

      Comment

      View our Terms and Conditions

      LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

      If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


      If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
      Working...
      X