Just 4 Mortgages
What is A TR1 Form?
Guide
Are you undergoing a Transfer of Equity? You may have come across the phrase TR1 Form, but what is this?
A TR1 form is a legal transfer document. Your solicitor will firstly send this to the ex party coming off the mortgage or send it to their solicitor, for them to sign. Once received back, your solicitor will then post this to you to sign and post back to them. The signatures must be wet ink as the solicitor is required to keep the original TR1 on their file.
A Transfer Of Equity is when someone is added onto the ownership of the property or transferred off. This could be in circumstances of Divorce, separation, or wanting to add on your partner to the mortgage/property.
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but a typical fee will be £494