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Aston Lawyer
Aston Lawyer, Solicitor
Category: Law
Satisfied Customers: 10635
Experience:  Solicitor LLB (Hons) 23 years of experience in Conveyancing and Property Law
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My daughter owes me £124,000. She has a flat valued at the

Customer Question

My daughter owes me £124,000.
She has a flat valued at the same amount.
How can she transfer the house to me to pay off the debt?
Submitted: 4 years ago.
Category: Law
Expert:  Aston Lawyer replied 4 years ago.

 

Hi there,

 

I take it that your daughter is happy to do this?

 

Does she have a Mortgage over the Flat?

 

Thanks

AL

Customer: replied 4 years ago.


My daughter does not have a mortgage. She used my loan to pay off her mortgage and buy another house.


 


She is happy to transfer the flat to me to pay off the debt

Customer: replied 4 years ago.


I have not actually received any answer to my question

Expert:  Aston Lawyer replied 4 years ago.

 

Hi again,

 

Sorry I was unable to answer you sooner.

 

Thanks for your reply.

 

Your Daughter is free to transfer the property to you.

 

The procedure is quite straight forward but your Daughter will need to instruct a local Conveyancing Solicitor to deal with the Transfer to you. Her Solicitor will need to prepare a Land Registry Transfer document, which is then signed and registered at the Land Registry.

 

Solicitor fee is likely to be between £200-£300 plus VAT and the Land Registry will make a charge of £50 to register the Transfer.

 

I hope this answers your question.

 

Kind Regards

AL