Transfer of Equity

TRANSFER OF EQUITY

“I have used KLR for numerous years on a variety of matters. They were very professional, gave great advice and were reasonably priced. I would highly recommend their services.”


If you need to transfer equity in a property you own, our Conveyancing Solicitors will ensure the process is completed quickly and smoothly. Most transfers of equity are straightforward, and we can offer you a fixed-price for the work we do.


We hold a Conveyancing Quality Accreditation from the Law Society of England and Wales. Therefore, you can be confident that we have the expertise to deliver quality conveyancing advice, use a standardised process to recognise and reduce risk, and meet set expectations when providing conveyancing services. 

We pride ourselves on our responsiveness – you can trust that your phone calls and emails will be quickly returned/answered, should you choose to instruct us.



Transfer of equity

What is meant by a ‘transfer of equity’?

Transferring the equity of a property means to add or remove someone from the title deeds. The property is not sold and at least one of the owners remains the same.

Transfers of equity usually occur following life events such as divorce, marriage, or for tax purposes.


How does a mortgage affect a transfer of equity?

If there is a mortgage on the property, the person having their name removed from the title will also need to be released from the mortgage. There are several ways to achieve this, including:

  • Paying off the transferor’s share of the loan.
  • Remortgaging the property to secure the extra funds needed for one party to buy-out the other.
  • Negotiating with the lender to transfer the mortgage as part of a buy-out.


Our Conveyancing lawyers will go through all the options with you and advise on the one that is most advantageous given your situation.



How we can help


Our Conveyancers will ensure that your transfer of equity goes through as quickly and smoothly as possible, without compromising on the quality of the legal work required to protect your interests.



Our team can advise and represent you in all aspects of transfers of equity. For a free consultation please call us on 0208 300 6666.

1 Hour Free Consultation

Sound legal advice is based on years of training, hard work, and passion, as well as familiarity with legislation and precedent and sound consideration. You’ll find all that and more at KLR Solicitors. 

We are currently only taking on Family Law, Conveyancing, Immigration, Wills & Probate work.


If you are looking for Legal aid that can help meet the costs of legal advice, family mediation and representation in a court or tribunal, please go to this link first to check your eligibility on the Gov.uk website.

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FAQs

Got a question? We’re here to help.
  • What is Transfer of Equity ?

    A transfer of Equity is when a jointly owned property is transferred to a single person, or if someone adds additional people onto the ownership of that property. The Equity amount is the term for the amount of the property you own.

  • When would you use a Transfer of Equity ?

    It is often used when a couple marries or enters into a civil partnership, or when one of those relationships breaksdown. A parent may also want to add a child to their property ownership that can be treated as a gift.

  • What if there is no equity or even negative equity ?

    Commonly when someone buys out the other share of the property, IE when a relationship ends. This can be done with refinancing, the finance provided by the lender to buy the other person, will reflect the new ownership.

  • Is it best to use a solicitor ?

    To ensure all parties are protected, it will always be better to instruct a solicitor. The transfer can come with complications and they will need to discovered, to protect your interests.

  • How does the Transfer work ?

    Once the owners & potential owners of the  agreement have decided on what to agree on, a Deed of Transfer will be drafted for each party to sign. 


    This Deed of Transfer will contain all the legal arrangements of who know owns what equity. Where a lender is involved, the formalities for this lending should also be completed by the time the Deed of Transfer is signed.

  • What happens after the Deed is signed ?

    After the transfer of Equity is complete and has been signed by everyone, we will complete the transaction by returning a stamp duty land tax return to HMRC and will register all new interested parties and charges to the HM Land Registry. 

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