Transfers of Equity

Transfers of Equity involve changing the name in which a property is held and/or changing the name on a mortgage. It may appear to be a fairly self-explanatory practice, however, legal advice is always recommended to ensure a seamless and correct process. Our residential property solicitors in Essex and London are accomplished in dealing with all matters of Transfers of Equity, making life easier for you.

If there is a mortgage on a property, then a change in names on the title usually requires the same change on the mortgage and vice versa. There are several types of transaction which fall under the terms of a Transfer of Equity. This may be the simplest form of transfer, such as placing a property currently held by a husband or wife into both spouses’ names with no money changing hands. A Transfer of Equity may also cover a transfer of property into one party’s name as the result of a family separation. Money or property may change hands as a result – every circumstance is different and requires differing legal advice dependent upon the reasons behind the transfer.

Regardless of the reasons behind the transfer, our property solicitors can deal with the Land Registry and mortgage company involved with your transfer. We may also recommend discussions with our family and private client departments in order to be certain that the transaction is the most appropriate, cost-effective and the correct route for you to achieve your desired outcomes.

It is often the case that a transfer of equity is linked to another area of law. It may be that the transfer is part of a wider “Estate Planning” exercise, or pursuant to matrimonial proceedings following a divorce. It is essential the correct advice from qualified and experienced lawyers in these other areas is available where needed to ensure the correct route is taken.