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advice on transfer of equity

A transfer of equity involves changing the ownership of a property, either by moving it from one person to another or adding/removing someone from the deed.

Whatever your reasons for choosing to do this, our specialist property solicitors have years of experience in dealing with these matters and can take care of the whole process for you.

why choose a transfer of equity?

There are a variety of reasons you may wish to pursue the option of a transfer of equity, including:

  1. Divorce and separation – Both married and unmarried couples might want to remove one of their names from the property deed if their relationship comes to an end.
  2. Marriage – Conversely, if a couple are getting married they might want to acknowledge this by sharing joint ownership of their family home.
  3. Tax planning or other financial arrangement – It may be advantageous from a tax mitigation perspective to share ownership of a residential property with children or other family members.

mortgaged properties

In circumstances where your property is in mortgage, we engage with your lender on your behalf to ascertain their requirements and ensure that these can be achieved. We can then advise you on what needs to be done to enable you to reach your goal.

stamp duty land tax

We will advise you on any Stamp Duty Land Tax liability that may apply during the equity transfer process. Our experts will also complete a return on your behalf to HM Revenue & Customs.

In addition, we will register the appropriate changes to the title of your property with HM Land Registry, ensuring full compliance at every stage.

speak to lees solicitors

If you are considering a transfer of equity, speak to our experienced property solicitors at Lees today on 0800 387 927. We can advise you on what needs to be done throughout the process.

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If you have an enquiry about our legal services, please fill in the form below and one of our team will contact you shortly…

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