Transfer of Equity Services

Whether you want to know more about transfer of equity or are getting married, divorced or undergoing tax planning, the real estate residential solicitors at JMW can help. We have the experience and expertise to make sure the process is as simple as possible for all parties involved.

Find out more about our transfer of equity services and how our specialists can help you by getting in touch today. Simply give us a call on 0345 872 6666 or complete our online enquiry form and a member of the team will give you a call back to discuss your options in more detail.

What is Transfer of Equity?

A transfer of equity is when the interest in property or land - owned by two or more people - is sold to another owner or owners of the property. In addition to adding someone to the property, it can also mean an owner being removed from the deeds.

Equity is the name given to the residual value of a property after a mortgage is subtracted from the current market value - for instance, you will have £100,000 equity in a property if it is worth £200,000 and your outstanding mortgage is £100,000.

Equity transfer may be carried out for a number of reasons, including:

• Tax planning - You may wish to transfer your share of a property as part of a long-term financial planning strategy
• Marriage - You may want to add your spouse to the property title after you marry
• Divorce - After separating, you may want to transfer a property that you owned jointly into the name of just one owner
• Cohabitation - You may want to add the person you live with to the property title

The process will usually involve an application to the current mortgage provider to approve the transfer of equity, after which a transfer deed will be drafted, before being executed by all parties. Once the process is complete, an application will need to be made to the Land Registry to register the new ownership of the property. You will then be provided with a copy of the title deeds.  

Why Choose JMW?

At JMW, our equity transfer solicitors will take care of the whole process for you, ensuring you are able to add or remove people from title deeds without having to worry about your finances being affected or you ending up embroiled in legal disputes.

We will also communicate, when necessary, with third parties such as mortgage lenders and advise you on any stamp duty that may be payable on the transfer of property or equity.

With years of experience working on cases like yours, our lawyers are happy to help, no matter what your issue. We will guide you through the process from start to finish, providing support and guidance to give you the peace of mind that everything is being properly taken care of and will be sorted out speedily and efficiently.