Description
A Severance of Tenancy, is a HM Land Registry application, which changes how you own your property with another person, from Joint Tenants, to Tenants in Common.
Doing this process can have a lot of benefits, including but not limited to:
- Defining that you own your property in equal shares, instead of simply ‘jointly’
- Protecting your share of the property, from the actions of other co-owners
- Being able to give your share of the property, to whoever you wish, instead of it automatically going to the surviving co-owner
- Making sure that your Will, is not conflicting with how you own your property, ensuring your Will remains valid
- Protecting a share of the property from care costs
At Last Online can complete the application papers for you, so that all you need to do is sign the documents and send to the Land Registry by post. We will also provide you with the guidance on what you need to do, how long it’s likely to take and also offer guidance on any correspondence sent from HM Land Registry to you.
The average cost of a Severance of Tenancy, is £150 in the industry. Due to our expertise and efficiency, we are able to offer this at a much more reasonable cost.
