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for the avoidance of any doubt, from what you describe, you presently co-own a property with another individual either in equal shares or in unequal shares, and you now wish to transfer your entire interest of the property to your co-owner so they will become the sole legal and equitable owner of the property. Is that accurate please?
thank you. If there was no specific agreement as regards ***** ***** of shares each of you would own in the property, then the starting presumption would be that each of you own a 50% share in the property and it would be for the party that wishes to depart from this presumption to demonstrate evidence to substantiate otherwise.
The assumption there is no dispute about this and given your intention to transfer your equity share to your co-owner, I would assume this would not be the case, then the process for assigning your equitable share is straightforward.
it is not entirely clear to me why would have a form K restriction as this form of restriction relates to individuals who have the benefit of the charging order from court however the restriction is of little consequences you do not wish to make change to the legal title and therefore the land registry do not need to be involved as the land registry do not hold records as such of equitable ownership other than indirectly.
as you do not wish to make any changes to the legal title, in order to transfer the benefit of your equitable title to your co-owner,, you would need to consider executing a bare trust deed in favour of your co-owner setting out that you transfer your entire equitable interest in the property to your co-owner with the intention that they will then own 100% of the equity in the property. You may need to instruct a solicitor to assist you with preparation of the bare trust deed
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