Transfer of Equity


If you are intending to transfer the ownership of your home, Williamsons Solicitors will help you.  The transfer of ownership may appear to be a simple task, but can be very complex.  Specialist advice available at Williamsons Solicitors will ensure that your matter will proceed as quickly and efficiently as possible.

The transfer of property ownership, commonly referred to as a ‘Transfer of Equity’ may be needed for various reasons, including:

• Marriage/New relationship

You may wish to transfer the ownership of a property from a single to joint name as a result of a new relationship/marriage.  If a mortgage is secured on the property, the written approval of your mortgage lender will be needed.

• Relationship breakdown

You may wish to remove the name of an ex-partner or spouse following a divorce or separation.  If a mortgage is secured on the property, the approval of your mortgage lender will be needed.

• Tax Planning

Tax planners or accountants sometimes advise property owners to transfer the ownership of property to a third party (for example child or family member).

Whatever the reason for the transfer of equity, full market value must be paid or a Court Order must state that the transfer has to occur.  Alternatively, the transfer of ownership will be deemed to be a gift or transfer at an undervalue in law and insolvency issues must be considered.

Williamsons Solicitors will guide you through this extremely complicated area of the law. 

Go back to Conveyancing

Talk to us Now

Go back to the top