Hello, welcome to the website. My name is Tony, I can assist you with this.
Do you have a mortgage on the property please?
Okay, then the three owners would need to sign a TR1 form, transferring the property into the name of two people.
The form is available here: http://www.landregistry.gov.uk/_media/downloads/forms/TR1.pdf
If no money or consideration (other assets etc.) is being paid for the transfer then no stamp duty is likely to be payable. However, if money is being paid (or other consideration) stumpy duty is likely to be chargeable.
You should check with HMRC about the stamp duty aspect. Their website is here: http://www.hmrc.gov.uk/sdlt/calculate/value.htm
only to fill up TR1 form and send it to land registry. there is no momey involved here, simply the third person want to give his share to the remaining two names.
Then it's really as simple as that - fill out the TR1, and a Form AP1 (which is the application form to get them to look at the TR1) and that's about it.
Thank you! Is there anything else you would like me to answer for you?
thanks not at a moment
Sorry, it's my fault you couldn't rate the answer. You should be able to do that now though. Thank you!