Separate Title Deed For Free

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.

Transfer of equity can cost up to £5,298 plus 1%-5% of the property value, depending on the circumstances. The total amount you will have to pay can differ if you have a mortgage as well as the equity value. The transfer of equity process is a change in the co-ownership status of a property.

Although in some cases, you could complete a transfer of equity without a solicitor ? although some forms will likely need a signature to be witnessed by a notary or legal professional ? it is not advised. The transfer of equity process can be complex.

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.

It is possible to split or subdivide the registered title of your property, however, if it is not as a result of a sale/transfer, it would be at the Registrar's discretion, and you would have to disclose your reasons for the request.

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.

These include online ID checks (£9) and the official copy of the Register of Title from the Land Registry (£3). You will also have to pay a Land Registry fee to register the ownership change. This will cost between £20 and £305 depending on the price bracket your property falls into.

Titles and the act of title splitting have been around for a great number of years. It's essentially when you purchase a piece of land or property, and after permission has been given you split the land or property up into smaller sections to be rented out or sold.

What is a title split and when would this be required? A title split occurs when you separate a portion of the legal title to a property to achieve a purpose. This could be because you wish to split a parcel of garden land, for example, from your existing property to create a plot for development purposes.

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.