Makes the transaction legally binding
When contracts are exchanged, the buyer and seller become legally committed to the transaction on the agreed terms, including the completion date.
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Are There Ever an Exchange of TR1s in Conveyancing?
In property transactions, the TR1 form is an important document used to transfer the whole of a registered title. A common question is whether the TR1 is ever “exchanged” in the same way as the sale contract.
At Watkins Solicitors, our Residential Conveyancing team, led by Sophia Ramzan, Partner and Head of Conveyancing, helps buyers and sellers understand what each document does and when it is needed.
The seller must sign. All transferors must execute the TR1 as a deed.
The buyer does not always sign. A transferee normally signs where relevant declarations, covenants or additional provisions require it.
It can be signed before completion. The important point is that the deed is not dated until completion and after it has been executed.
After completion, registration follows. The buyer’s conveyancer deals with the HM Land Registry application and supporting documents.
A TR1 is HM Land Registry’s form for transferring the whole of the property in one or more registered titles. It can also be used for property being registered for the first time.
The person transferring the property is called the transferor and the person receiving it is called the transferee.
If only part of a registered title is being transferred, a different form, usually a TP1, is used instead.
No. The contract and the TR1 have different jobs in a conveyancing transaction.
When contracts are exchanged, the buyer and seller become legally committed to the transaction on the agreed terms, including the completion date.
The TR1 is executed as a deed and forms part of the documentation used to complete the transfer and register the new ownership with HM Land Registry.
Our online quote journey provides a clear, no-obligation quotation for a sale, purchase or remortgage, including the legal fee and likely disbursements.
If you would rather discuss your move first, email our Residential Conveyancing team at MovingHome@watkinssolicitors.co.uk.
The conveyancing timetable can cause confusion because the TR1 may be signed before the day of completion.
All transferors must execute the TR1 as a deed. For an individual, this normally means signing in the presence of a witness using the appropriate execution wording.
The buyer or other transferee does not automatically have to sign every TR1. They must also execute it where the relevant provisions of the form require their signature, for example where certain declarations, covenants or additional provisions are included.
The transfer deed is prepared as part of the conveyancing documentation.
The parties who need to execute the deed sign it in the required form before completion.
Once completion takes place, the TR1 is dated with the completion date.
The buyer’s conveyancer deals with the post-completion application to HM Land Registry.
Yes. The precise execution and drafting requirements can differ where the transaction involves companies, attorneys, trusts, additional covenants, declarations or more complex title arrangements.
Leasehold transactions can also involve additional post-completion documents, notices or certificates alongside the transfer itself.
If the transaction involves only part of a registered title, the appropriate transfer form will normally be TP1 rather than TR1.
No. All transferors must execute the deed, but a transferee normally needs to sign where the form contains relevant provisions requiring their execution.
The TR1 can be executed in advance of completion. The exact timing will depend on the transaction and your conveyancer’s arrangements. It should not be dated until completion.
No. The sale contract records the contractual terms and is exchanged to commit the parties. The TR1 is the transfer deed used in completing and registering the transfer.
It forms part of the post-completion registration process. The buyer’s conveyancer submits the relevant application and documents to HM Land Registry.
Our multi-award-winning Residential Conveyancing team provides clear, practical support throughout a sale, purchase or remortgage. Sophia Ramzan, Partner and Head of Conveyancing, leads the team.
You have a named lawyer responsible for your transaction, supported by our experienced conveyancing team.
Our quotation explains the legal fee for the work described, likely disbursements and what is included.
Watkins Solicitors is accredited under the Law Society Conveyancing Quality Scheme and Lexcel.
Once instructed, our conveyancing app helps you follow key milestones and receive updates while retaining direct access to your legal team.
If you need help with a sale, purchase, remortgage or another residential property transaction, our Conveyancing team can explain the documents involved and guide you through exchange, completion and registration.
Our Conveyancing TikTok channel features short videos answering common questions about buying and selling property, exchange, completion and other parts of the conveyancing process.
Follow @watkinssolicitors.convey for practical explanations from our Residential Conveyancing team.
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