Transfer of Equity Solicitors

Transfer of equity Solicitors

At Eric Robinson Solicitors, we provide tailored and trustworthy legal support and guidance surrounding the transfer of equity. 

What is a transfer of equity process?

A Transfer of Equity is where a co-owner transfers their share in a property to another co-owner. The interest can be transferred for a sum of money based on the market value of the property, or it may be as part of a court order relating to a divorce or separation. Whether the transfer is between family members, a former partner or other owners of the property, the process can be complex. A transfer of equity conveyancing Solicitor will offer expert legal advice and service throughout the transaction.

Reasons to transfer equity

You may need to change the legal ownership of a property, whether to add or remove a name from the title, or to change the ownership entirely. Whatever the context, it’s important to have a property Solicitor there to offer the right legal advice and support. This will protect everyone involved in the property transfer especially where you have a mortgage on the property.

Whether you are getting married, divorced or separating, want to gift a property to a loved one, are in the process of creating a trust, need help changing the ownership of a property or wish to remove names from ownership of the property, Eric Robinson Solicitors have an expert panel of conveyancing Solicitors who can make this happen as quickly and simply as possible.

Why use a conveyancing Solicitor?

Property Solicitors can assist you in a number of ways. Our experience allows us to:

• Communicate effectively with any relevant third party such as mortgage lenders. 
• Offer advice on aspects such as when you are required to pay Stamp Duty Land Tax or Capital Gains Tax whilst transferring equity. 
• Update the title deeds at the Land Registry. 
• Seek consent from your mortgage lender and draft the necessary transfer deed. 
• Distribute any funds required. 
• Register new owner(s) interests at HM Land Registry.

How long does a transfer of equity take? 

When it comes to time, we always advise that the process will be dependent upon the speed of each of the relevant parties. For example, if one family member or person requires a new mortgage offer, then the equity transfer cannot complete until that lender has issued all of their paperwork. Equally, matters can occasionally be slower where people are separating or transferring equity against the backdrop of court proceedings, or where there is a dispute over property value or whether a sale should occur. The speed at which a transfer progresses is not usually affected by whether the home is freehold leasehold.

How can Eric Robinson Solicitors help? 

Our specialist transfer of equity Solicitors can offer expert advice in various different contexts. We will ensure that we keep you fully informed of progress throughout the entire process. If you would like to speak to one of our team about how to transfer equity, please don’t hesitate to get in contact with us. We are happy to answer any queries you may have regarding our costs, and provide more information about how we support our clients. 

To speak to us and find out more, get in touch with one of our local branches at the following locations: Southampton, Hedge End, Chandlers Ford, Winchester, Lymington, or Richmond Upon Thames.