With these types of transactions often occurring following a change in cohabiting arrangements, we understand that this process can be a challenging and difficult one. We are committed to giving you the legal guidance you need in a sympathetic manner, providing clear, bespoke and sensible advice to support you in the transferring of equity as swiftly and sensitively as possible.
The transfer of equity in a property usually involves the transfer of the property from those who are currently registered as owners to a third party. This process is different from the sale of a property, whereby the property changes ownership in its entirety. A transfer of equity sees one of the existing parties remain on the title, while other parties to the transaction are either added or removed. Our residential conveyancing team will look at all the relevant factors, such as whether there is a mortgage taken out against the property, whether the property is leasehold, if equity is being transferred for money or as a gift, and whether a trust is being formed, before advising you on how to proceed.
Contact our Residential Conveyancing Solicitors, Sheffield
Our Transfer of Equity Specialists are based in Sheffield and advise and represent clients throughout England and Wales. Find out more information on our fees here. Contact us today on 0808 164 1028 to find out how we can help.