Transfer of Equity
What is a 'Transfer of Equity'
A transfer of equity takes place when a property owner wishes to change the legal ownership of their property. There are many reasons why a transfer of property may be required:
- Marriage: transfer of title of the matrimonial home into joint names.
- Divorce or separation: to transfer property ownership from joint names into one sole name.
- Tax planning: to transfer a share of the family home into the name of a child or other family member.
- Adjustment of financial shares: to change a percentage in the property ownership.
How can you help me with my Transfer of Equity?
Whatever your requirements, we can assist you. Conveyancing Solutions will put you in touch with one of our transfer of equity lawyers, who will deal with your matter and provide expert legal advice from the very beginning to help take the stress out of the process and protect your finances.
What will the solicitor do?
The equity transfer solicitor will obtain the official copies of the title deeds from the HM Land Registry in readiness for the Transfer of Equity. The solicitor will then prepare the transfer deed for you to sign once you are ready to proceed, and they will notify any third party who has an interest in the property, such as a mortgage lender.
Stamp duty may be payable on the transfer of a property if it is sold or gifted. Some equity transfers may be stamp duty exempt, where a property is being transferred as a result of a court order following divorce proceedings. Your solicitor will assess whether stamp duty is payable and if so, will complete the Stamp Duty Land Tax (SDLT) form free of charge on your behalf and submit this to the Inland Revenue. Your solicitor will also register the transfer of equity at the Land Registry, and check your identity online, which is a legal requirement.
How will I be kept updated through the Transfer of Equity?
The solicitor will keep you advised of progress made with the transfer of equity by way of post, email and telephone. All our solciitors have direct telephone numbers and emaila ddresses for your convenience. Your solicitor will liaise with all parties involved to keep everyone updated along the way.
Can I visit your offices?
Conveyancing Solutions has offices in the Wirral, Cheshire and the City of London and represents clients nationally across England and Wales. If you would like to discuss your individual Transfer of Equity requirements in person with one of our solicitors, we would be delighted for you to attend any of our offices free of charge. Simply telephone 0800 083 4077 to make your appointment. Out of hours appointments can be arranged, if needed.
Can you proceed immediately with my Transfer of Equity?
Yes. We can adeptly manage your transfer of equity from start to finish by telephone, post and email. Simply call 0800 083 4077 or complete our online enquiry form to start the ball rolling.
Am I obliged to instruct if I contact you?
Please note that our Transfer of Equity service is confidential, and it is non-obligatory until you provide your firm instructions to the conveyancing solicitor.
