Transfer of Equity
Advice on adding or removing a property owner through a transfer of equity from solicitors in Billericay, Essex.
About Transfer of Equity
Changing who owns a property can follow separation, marriage or a family arrangement. The transfer needs to address ownership shares, any payment and existing mortgage obligations. Lender consent and tax consequences may need attention even where no money is being paid between the owners.
Key Points
- Confirm the intended ownership and any payment.
- Check the lender's requirements where there is a mortgage.
- Consider tax and any declaration of trust before transfer.
How We Can Help
We review the title and proposed arrangement and explain the conveyancing steps. We prepare the agreed transfer documentation and deal with registration, identifying linked family-law, trust or tax questions that need to be resolved alongside it.
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Contact our residential conveyancing team for specialist advice on your transfer of equity matter.