Transfer of Equity
A transfer of equity is an industry term for whenever a change is made to the ownership of a deed of a house.
Examples of an equity transfer could be adding a spouse to the deed after marriage, removing a friend’s name after buying them out their share, or even changing ownership entirely (such as a parent transferring a property to their child).
Any conditions can be placed on a transfer to protect your interest. Examples include instances where you give your children your property, but make sure they cannot sell it while you still live there. Alternatively, you may add a family member to the deeds and need to make sure the money you have already paid goes to you upon sale, with the rest being divided equally.
We can talk you through the transfer of equity process – and your solicitor will be able to advise you on the best way to legally enforce your terms.
What sets us apart?
You won't find a better service at a better price. We make sure our pricing is clear so that you can see what fees apply to the relevant areas.
The majority of the process can be done from home, online or via phone post and email.
The most common complaint is due to poor communication, that's why we make sure to be on hand to answer your queries. You can contact us by phone or email, or arrange an appointment, whichever you prefer.
How does the transfer of equity process go?
We’ll talk through your needs and provide you with a fixed quote.
Once you accept the quote, our solicitor will send you all the necessary paperwork immediately.
Simply return the paperwork signed, complete with your certified copies of ID and proof of address. Once all parties on the deed have given permission – including the lender – a deed of transfer will be granted.
Documents will be signed by parties coming onto or leaving the deeds.
We will complete the appropriate documents at the Land Registry, and will register additional items.