If you are completing a transfer of equity on a property that has a Form LL restriction on the title register, you need a Certificate of Compliance from an independent, SRA-regulated solicitor before the transfer can be registered at Land Registry. This applies whether you are adding or removing someone from the title.
A transfer of equity is a “disposition” of the registered estate — the same category of transaction as a sale or remortgage. The Form LL restriction applies equally to all dispositions. Land Registry will not register the transfer without the Certificate of Compliance.
The registered owner — the person currently on the title who is the “disponor” — must obtain the Certificate of Compliance. Your transfer of equity solicitor cannot issue it as they are acting on the transaction. FormLL connects you with an independent specialist within 24 hours.
Where a buy to let property with a Form LL restriction is being transferred to a limited company, the same requirement applies. The registered individual owner must obtain a Certificate of Compliance before the company transfer can be registered. Note that a limited company transfer also involves SDLT and potentially CGT — specialist advice is essential for the broader transaction.
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We will confirm your specialist solicitor within 2 hours during working hours. If urgent email hello@formll.co.uk directly.