Transfer of equity conveyancing solicitors
Transfer of Ownership (or Equity) is the process of changing who owns a property legally. It might mean someone being added or removed to the property ownership or an entire change of person(s). Our team aims to provide sensible and clear advice on all of the options available to you so that you can make an informed decision for your transfer of equity needs.
Why do people wish to transfer equity?
Transfer of ownership might be needed or required for many reasons, for example:
The owners are separating or getting a divorce
The owner has died
The owner marries and seeks to change from a single ownership to a joint ownership
The owner wishes to add a co-habitant or partner to a property
Equity is transferred as a gift
The process of transferring equity
Firstly, all documentation will be gathered and we will obtain a copy of the property title deeds from the Land Registry. The solicitor will then:
- Be able to confirm the provided information is accurate as per the Land Registry
- Review the property deeds and title deeds
- Prepare and organize the documents for the deed transfer for signing by all involved parties
- Verify what Stamp Duty Land Tax will be payable for the property
After this, formal consent will need to be sought from all parties including the current co-owners and mortgage lenders. When funds are transferred and the paperwork is all signed then the equity transfer is completed.
Why choose us?
Our Residential Property and Conveyancing solicitors are highly experienced individuals who will make sure your equity transfer runs smoothly. Our team of specialists will ensure you are involved in the whole process and understand everything involved. You will have peace of mind that everything is covered that needs to be. We are accredited on the CQS (Conveyancing Quality Scheme) by the Law Society, which means you can be confident that we are trusted conveyancers with the right technical expertise for the job in hand.
For more information on what is involved in buying a property, read our buyer’s guide to conveyancing.
To get an instant online quote for either a Purchase Only or Purchase & Sale, visit our online conveyancing cost calculator.