Understanding a Transfer of Equity
A Transfer of Equity involves changing the ownership structure of a property. This may include adding a new owner, removing an existing owner, or changing the shares held in the property.
Transfers of equity commonly arise in situations such as:
- Divorce or separation
- Marriage or cohabitation
- Gifting a share of a property
- Tax or estate planning
- Buying out a co-owner
If there is a mortgage on the property, the lender’s consent will usually be required. The lender may need to carry out affordability checks before approving the change.
There may also be financial and tax considerations depending on the circumstances. Our role is to ensure the legal transfer is completed correctly and registered at HM Land Registry.
How we can help
Advising on your circumstances
We review your situation and explain the legal steps involved.
Liaising with your mortgage lender
We obtain lender consent and satisfy any conditions required for the transfer.
Preparing the transfer documentation
We draft and complete the legal documents required to change ownership.
Handling financial arrangements
We manage completion funds where one party is buying out another.
Registering the updated ownership
We ensure the new ownership details are correctly registered at HM Land Registry.
Clear communication throughout
We keep you informed at each stage so you understand how the matter is progressing.
