Transfer of Equity
Transfer of equity is when an owner adds one other owners to the title of a property or removes one or more existing owners, other than themselves, from the title. Transfer of equity is not the same as buying a selling a property, as often no money is exchanged by the parties involved, and at least one of the original owners remains on the title.
You may require a transfer of equity for several reasons, the most common include:
- A relationship breakdown.
- Marriage, civil partnership or moving in with a partner – you may want to add your new spouse or partner as a joint owner of your property.
- You need to buy out a joint owner – such as a family member or friend who bought the property with you.
- Tax planning – you wish to transfer the equity of your property to your children or other family members to be more tax efficient. You will need to seek appropriate tax advice regarding your tax liabilities.
Transfer of Equity Solicitors across Blackpool, the Fylde coast and nationwide
In most cases, a transfer of equity can be a relatively straightforward process, especially when all parties can agree on the outcome. However, if the property has a mortgage secured against it you will need to have the consent of the lender.
Regardless of the reason for wanting to transfer the equity of a property, our experienced property team can help you. We will guide you through the process and ensure your transfer of equity runs as quickly and smoothly as possible.
Effective, straightforward transfer of equity services
Here at Easthams we offer a professional fast and efficient service at a great price. Our focus is to deliver expert legal advice, in a clear, easy to understand manner to ensure your transaction is as stress free as possible.
When you choose Easthams you will have a dedicated experienced professional to guide you through the conveyancing process, so that you are kept you fully up to date on the progress of your case.
We will normally work to a fixed fee for our residential conveyancing services, and these will be at competitive rates. You will be made fully aware of all the costs involved and you can obtain full information on the fees we charge for a transfer of equity by viewing our residential conveyancing fees here. Details of the most common additional charges can be found here.
What is involved in the conveyancing process?
We have produced a leaflet to explain the key stages of a residential property sale and/or purchase. That can be accessed here. The key stages in a residential remortgage or transfer of equity are a little shorter and can be accessed here.
Our Conveyancing team
Our specialist conveyancing team are experts in property law. Easthams holds the CQS Accreditation from The Law Society which is a recognised quality standard for residential conveyancing practices. Meet our approachable and effective team.