We can help you if you are intending to transfer the ownership of your home. We will give you specialist advice and will ensure that your matter will proceed quickly and efficiently.
You may need to transfer the property ownership for various reasons including:
You may wish to transfer the ownership of a property from a single to a joint name as a result of a new relationship or marriage. If a mortgage is secured on the property, the written approval of your mortgage lender will be needed.
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 planners or accountants sometimes advise property owners to transfer the ownership of property to a third party (for example a 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. We are here to guide you through this process.W