Transfer of Equity involves legally changing the ownership of your property to either include or remove another person from the property title.
To obtain a free quote for the transfer of title relating to your property you can call our transfer of equity solicitors on 0161 930 5350 or e-mail enquiries@gorvinsresi.com
There are a number of situations which require the need for a transfer of equity on your property. These include:
The transfer of equity process will differ depending on your individual situation. In most cases, the first step will be to gather all of the necessary information about the transfer of equity request. After this, the conveyancing solicitor will need to confirm the title documentation with the Land Registry. Your solicitor will also confirm with your mortgage lender that they are happy with the transfer of equity. Stamp Duty Land Tax may be due if there is a mortgage on the property but it won’t always be necessary if there is a gift of land. Once the transfer of equity has been signed off by all parties involved, your conveyancing solicitor will then provide a financial statement outlining any monies due to any parties involved. Once all funds have been received and everything is signed, the transfer of equity process is complete. After the completion date, you will be provided with an updated copy of the Land Registry documents.
Gorvins Residential expert transfer of equity solicitors can guide you through the transfer of equity process making it easy and understandable for you. Whether we are acting for the party whose share is reduced or the party whose share is to increase, we will ensure you know what is happening at all times.
To obtain a quote or to discuss the transfer of equity process for your property, contact a member of the residential property team today on 0161 930 5350 or e-mail enquiries@gorvinsresi.com
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Gorvins Residential LLP
Gorvins Residential is the trading name of
Gorvins Residential LLP
Dale House,
Tiviot Dale,
Stockport,
SK1 1TA