Our Property team are here to help you. If you would like to change your property’s ownership, contact us on 01624 665522 for expert property advice.
What Is A Transfer Of Equity?
A transfer of equity allows you to apply for a change of ownership to your property, usually to add or remove someone from the legal title. For example, if you’re recently married and your partner already owned a house, you could apply to have your name added to the property legal title.
Common Reasons For Transferring Equity
- Cohabitation changes such as divorce or separation
- To reduce tax
- The property is a gift
- Re-mortgage purposes
- Inheritance planning
- Court order
Transfer of equity can be a tricky process to navigate and that’s why it’s useful to seek legal advice.
How Can Quinn Legal Help?
When you transfer equity, there are various choices available to you. We’re here to explain those options clearly to ensure you feel no confusion about what is the best route to take.
After you make a decision, our advocates will prepare all the legal paperwork needed and keep you informed at every stage of the transfer.
- Explain transfer of equity and help you decide if it’s the right choice for your situation
- Assist you with contacting your current mortgage lender (if applicable)
- Represent you and negotiate with the other party’s legal representative
If you’re looking to transfer equity because of a divorce or for inheritance purposes, we recognise that you’ll have a lot of other decisions to deal with too. These decisions might include separation and divorce proceedings, child support, updating a will, estate planning and more. If you’re handling a combination of decisions, our Family team are here to assist you.
Don’t hesitate to ask for help with other matters during your property transaction. As a full-service law firm, our teams work together frequently and can offer solutions to any other issues you encounter.
Get In Touch Today
Alternatively, you can fill out our handy online enquiry form and one of our team will be in touch within 24 hours.