Transferring of Equity is when someone is added or removed from the title deeds of a property, usually due to a change in circumstance.
Whatever the reason for the transferring of equity, be it a divorce settlement or incorporating a child onto the title deed, Greenways conveyancing can help you transfer the ownership of your property into another name.
As well as drafting transfer deeds there are other legal factors to consider that we can assist you with:
If there is a mortgage on the property, you will need to apply to your current lender to approve a “transfer of equity” application.
We will need to apply to the Land Registry to register the new ownership of the property. Once the Land Registry has completed the registration, we can then provide you with a copy of the title deeds.
Stamp Duty Land Tax
Stamp duty land tax may be payable on transfer of equity transactions. Greenways can assist you in determining if any tax is due.
We can help you with every aspect of transfer of equity. Our experts will protect your interests and keep you fully advised of all the implications. To get free, no obligation, advice, give us a call.