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Buying him out of the property...

2 replies

Noregrets78 · 30/01/2014 21:53

As part of our financial settlement, I'm due to buy him out of the property. Is this something I can do myself, without paying for conveyancing? Seems an unnecessary expense for something that might be simple.
Is it form TR1 which someone mentioned? I can't tell if that would work in this case.
If it is - what's the consideration? He is receiving a lump sum payment, but obviously that's the settlement of the whole finances, rather than a straight payment for his share of the house.
Thanks in advance...

OP posts:
Collaborate · 31/01/2014 14:16

Hard to do on your own. Almost impossible unless you know what you're doing. If there's a mortgage the lender will insist on a solicitor being appointed.

Noregrets78 · 01/02/2014 01:18

Thank you, that's helpful. I'll crack on with the conveyancing solicitor in that case!

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