Transfer of House Deeds into two names

D

Dalta!

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Apologies if this is not the right forum.....
Is anybody familiar with the procedure for the following -

Mortgage is in joint names, married, deeds in one name only. Looking to now put spouse's name on deeds. Does anyone know the outline of steps I need to take to do this? I know bank needs to be involved and then solicitor signs off...... I'm waiting on bank to return call but the first opinion they had was we would have to set up a new mortgage which I know is definitely not the case!
Anyone able to help? thanks
 
I can't speak to the mortgage element, but I fail to see why there should, or even could, be a problem assuming that the 2 parties to the mortgage are to be the same 2 joint owners of the property.

As for transferring the property from sole to joint ownership, your solicitor will advise on that.
 
There was a gift involved. To avoid hefty stamp duty at the time meant it was wiser to keep the deeds in the name of the giftee only. This stamp duty falls away after 3 years and so want to add spouse now. It has no major legal implications as we are married and both names on mortgage. However, we would just like to do this for our own piece of mind.
 
There is no reason why you need a new mortgage, it's just a legal change as such to the deeds, consent of bank needed but no reason why they wouldn't agree. Solicitor needs to write to them and request deeds and outline the change being made.

Whoever you spoke to in bank seems to be mixing it up with the other way around where there were two on deeds one on mortgage, not as common mind you as your setup. That sort of situation could possibly need a new mortgage if the bank has no facility or will to add a person to an existing mortgage although when I worked in banking we could just add or remove a person from a mortgage as required. Adding on requires a bit of underwriting/credit check etc but adding to deeds requires none of that as the bank already has you both on the mortgage which is the most important bit to bank.
 
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