Transfer of Equity
If you want to add or remove someone from the ownership of a property, you need to make a transfer of equity. A transfer of equity does not involve a sale of the property as at least one of the original owners will stay the same.
You might make a transfer of equity for various reasons. These can include:
· To add someone to the ownership, for example, a new partner or family member.
· To remove someone from the ownership, such as an ex-partner in a divorce.
· To buy out a co-owner’s share in the property.
· For tax reasons when transferring equity to children or another family member as a gift.
To speak to our Transfer of Equity solicitors today, you can call us on 020 8852 4433 or email enquiries@beverleymorris.co.uk.
How Our Local Transfer of Equity Solicitors Can Help
Transferring equity in a property can be complex and seeking specialist legal advice is vital. At Beverley Morris & Co., we have helped clients transfer equity for a wide range of reasons and can advise you on the steps involved to ensure the process goes smoothly.
The first step in a transfer of equity is to make sure that the property is owned by the people who want to make the change and to check whether any outstanding mortgages or other debts are attached to the property.
If there is a mortgage on the property that you want to transfer equity in, the lender will need to give their permission for the change in ownership, which will be dependent on various checks.
In some situations, you may also need to secure a valuation of the relevant property to work out the value of the ownership share that is being transferred. This would be the case if, for example, the transfer of equity is part of a financial settlement in a divorce.
Transfer of Equity Solicitors Near Me
Whatever your reasons for wanting to transfer equity, Beverley Morris & Co. Solicitors can help. With offices in Blackheath, we have provided residential property services to individuals and businesses across London and the South East for many years.
Our conveyancing team at Beverley Morris & Co. is accredited by the Law Society’s Conveyancing Quality Scheme. This means that we have achieved the standards of practice and integrity required to deliver quality residential conveyancing advice and it gives you the assurance that we will provide a professional and high-calibre service.
Our Fees
We will always ensure you are fully aware of all costs involved, and your solicitor will explain these to you. For more information, you can contact our team or make an online enquiry.
Our Residential Property Transfer of Equity Team
Beverley Morris & Co.’s residential property team will be happy to speak with you regarding all areas of residential conveyancing, including buying and selling, mortgages, lease extensions, freehold purchases, and new builds. You can find out more about our team by clicking on the links below.
Other Legal Services
We can also provide specialist legal advice on other areas of law that may be relevant when you are organising your estate, such as Lasting Powers of Attorney, Probate and Estate Management, Family Law and Wills.
Residential Property Transfer of Equity Solicitor Blackheath
If you have any questions on the transfer of equity or want more information on anything mentioned above, please call us on 020 8852 4433 or email us at enquiries@beverleymorris.co.uk to find out more.
