If you are considering making a change to the legal ownership of your property, you can discuss this with a specialist Transfer of Equity solicitor.
Throughout our lives, our circumstances can change, and you may at some point, through changes in relationships or some other reason, find yourself considering transferring equity in your property. Reasons for this can include:
In most cases where someone is being added to the title, the solicitor acting for the person being added may also be happy to act for the existing owner but only so far as registration of the transfer with Land Registry is concerned. It would always be recommended that independent legal advice is obtained in respect of the implications of equity transfers where part of the property is being transferred to another party.
Where there is already a mortgage on the property in question, you will need to consult the mortgage provider to see if they are agreeable to the transfer of equity, or if they would like to impose terms. If the mortgage provider is not agreeable to the transfer, you may have to arrange a remortgage with a different lender.
Call 01206 593933 and ask for a conveyancing quote. Or complete the form below.