Hi All,
Looking for some advice here. I’m trying to go through the process of having someone’s name removed from a property which we jointly own (see full thread here;
http://www.askaboutmoney.com/showthread.php?p=1353193#post1353193).
Looks positive that the bank and the other party are happy to change everything into my name (mortgage & deeds). My question is – I’m receiving quotes in the region of 2.4k for legal fees, stamp duty, land registry fees. I knew there would be some costs, but this seems excessive for simply removing someone’s name from a property. Breakdown of the larger costs as follows;
Solicitors fees - €900
Land Registry fees - €775
Stamp duty (1% of half of the property) - €650
Does this sound about right? I am already taking on another half of a property in negative equity, which I don’t particularly want it, and seeing as I already own half of it, it seems like a lot of money to have to fork out?!
Any more clever way of doing this that I’m missing?
Looking for some advice here. I’m trying to go through the process of having someone’s name removed from a property which we jointly own (see full thread here;
http://www.askaboutmoney.com/showthread.php?p=1353193#post1353193).
Looks positive that the bank and the other party are happy to change everything into my name (mortgage & deeds). My question is – I’m receiving quotes in the region of 2.4k for legal fees, stamp duty, land registry fees. I knew there would be some costs, but this seems excessive for simply removing someone’s name from a property. Breakdown of the larger costs as follows;
Solicitors fees - €900
Land Registry fees - €775
Stamp duty (1% of half of the property) - €650
Does this sound about right? I am already taking on another half of a property in negative equity, which I don’t particularly want it, and seeing as I already own half of it, it seems like a lot of money to have to fork out?!
Any more clever way of doing this that I’m missing?