Hello Guys,
I would welcome any comments regarding my issue (I hope this is in the right forum as it falls between a couple of categories.
I will try to keep this short. I bought a house in 2006 - used a solicitor in Limerick (not sure should I name them here) and the mortgage is with TSB. I am changing over to NIB as they are offering me a better deal. The process was going along nicely until I got a call from NIB solicitor to arrange a meeting. I was shocked to find out that he said their was only one name on the deeds of the house, my partners name. My partner and I was did everything 50% 50%, so we wanted both names on the deeds. I got back on to my Limerick solicitor and she checked her records. She is 100% that they sent in the correct letters\forms to the land Registry Office. I know will know on Monday if this is the case.
In the meantime, the NIB solicitor was on to me say that there may be Tax Implications on transferring my name to the deeds and that I should seek Financial Advice. I would like to know what “Tax Implications” these could be?
He also give us the option that maybe we proceed with the mortgage with one name on the deeds but I want to have my name on the title of the house, you never know what could happen in the future.
Any help \ advice would be great.
Thanks for all your help,
James.
I would welcome any comments regarding my issue (I hope this is in the right forum as it falls between a couple of categories.
I will try to keep this short. I bought a house in 2006 - used a solicitor in Limerick (not sure should I name them here) and the mortgage is with TSB. I am changing over to NIB as they are offering me a better deal. The process was going along nicely until I got a call from NIB solicitor to arrange a meeting. I was shocked to find out that he said their was only one name on the deeds of the house, my partners name. My partner and I was did everything 50% 50%, so we wanted both names on the deeds. I got back on to my Limerick solicitor and she checked her records. She is 100% that they sent in the correct letters\forms to the land Registry Office. I know will know on Monday if this is the case.
In the meantime, the NIB solicitor was on to me say that there may be Tax Implications on transferring my name to the deeds and that I should seek Financial Advice. I would like to know what “Tax Implications” these could be?
He also give us the option that maybe we proceed with the mortgage with one name on the deeds but I want to have my name on the title of the house, you never know what could happen in the future.
Any help \ advice would be great.
Thanks for all your help,
James.