Ownership Changes

To add or remove owners of your FTBI property you must first of all get permission from the Homes and Communities Agency via us. Generally ownership changes can be approved on a single occasion as the property continues to include an eligible owner from the initial purchase.

To permit the change of ownership we will require confirmation from all parties involved that they are happy to proceed with the changes and confirmation from your mortgage company that they are willing to lend with the new owner or without the removed owner. In addition we will require the details of the solicitor dealing with the case.

Once all this information has been received we will prepare a document for all parties involved to sign. This will either be a Deed of Release or a Deed of Accession depending on the circumstances. Once this is signed and returned to us the Homes and Communities Agency will sign and seal it before forwarding back to your solicitor. They will then register this at the Land Registry to make the change.