Transferring property equity
Property equity transfer solicitors
A gift, a divorce or a marriage – there are numerous reasons why you may want to transfer property equity. Slater and Gordon can assist you with expert legal advice for all questions and tasks around transferring property equity.
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Transfer of property equity explained
Transfer of equity is the process of changing the legal ownership of a property. In this instance "equity" is a legal term meaning the rights of financial ownership rather than the plain English meaning which is used to describe the net property value.
There are different reasons why you may want to transfer equity:
- To add or remove your spouse or partner
- Long-term tax planning purposes
- A court has ordered the equity of the property to be transferred.
- A new trust has been formed.
- To add other family members
- You wish to gift a property to someone else.
How can we help?
We can assist you with the following:
- Update the title documentation with the
- Check whether is due
- Draft the deed of transfer
- Check that all funds have been received, all paperwork completed and documents signed to conclude the process
- Seek consent from the mortgage lender
Costs of transferring property equity legal advice
At Slater and Gordon, we want to avoid hidden fees and unexpected costs. That's why we will provide you with a fixed transfer of equity quote before starting our services. That way, you know exactly what you'll be paying and what services you'll receive. Our transfer of equity fee won't change unless your instructions do.
S+G were very professional and calm throughout the process, especially in the final week leading to exchange and completion, coming up with sensible solutions to prevent my buyer's solicitor from delaying the process any further. I cannot recommend them enough. Mr B (residential conveyancing case)
I am very pleased with the service I have received. I had a complicated chain between different towns both buying and selling. Excellent communication skills and keen to go extra mile to provide you with the best of her ability. The completion happened within timescale promised. Anonymous (residential conveyancing case
We've just moved into our new home. The Manchester branch couldn't have been more helpful, patient or kind. Really quick to get back to us and thoroughly explained everything to make sure we could understand it. I would highly recommend Mrs D, Manchester (residential conveyancing case)