Transfers of equity

Transfers of equity

If you currently own a property with another person, you may be experiencing a change in circumstances that require you to switch ownership while keeping the other named party on the deed – known as a transfer of equity.

This most commonly happens in the case of marriage, divorce, separation or through gifts of property as a tax-efficient inheritance measure.

If there is no mortgage on the property in question, a transfer of equity is usually a relatively straightforward transaction. However, if you have a mortgage secured then there are a number of factors to consider when transferring equity, such as obtaining consent from a mortgage lender and stamp duty liability. The implications can be complex and it is important that you obtain professional legal advice from a qualified solicitor at the outset to establish the most effective option for you.

Our residential property lawyers can guide you step-by-step through the procedures of transferring equity in your property. We help you to establish the best course of action, while ensuring that you fully understand the impact of the process. We deal with the preparation of transfer deeds, ensure that the requirements of the mortgage lender are satisfied and manage registration at the Land Registry.