Our fees cover all the work required to complete the Transfer of the property, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.

The quote below has been based on a straightforward transfer transaction at an average transfer of equity amount of £100,000.00.

All VAT on the tables below are based @ 20%

Stages of the process

The precise stages involved in the Transfer of Equity vary according to the circumstances. However, to help we have set out all the usual stages below:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund transfer of equity if needed
  • Receive and advise on draft transfer deed
  • Carry out searches if needed
  • Make any necessary enquiries of the other side solicitor if needed depending on the nature of the transfer
  • Go through conditions of mortgage offer with you if a mortgage is needed
  • Send final transfer deed to you for signature
  • Agree completion date (date from which you own the property outright or dispose of your property)
  • Arrange for all monies needed to be received from lender and you if needed
  • Complete Transfer of Equity
  • Deal with payment of Stamp Duty/Land Tax if needed
  • Deal with application for registration at Land Registry if needed

Our Expertise

Nicola deals with Freehold/Leasehold Residential sales and purchasers, Shared Ownership matters, Right to Buy, Equity Release transactions, Deed of Variations, Purchase of Freehold reversions, Transfer of Equity and Voluntary First Registration.

Nicola Bennell: Nicola qualified as a solicitor in 2004 having graduated from Northumbria University.  Having spent over 22 years in a large regional law firm in Newcastle, Nicola has a wealth of experience in a wide range of Conveyancing matters.

Nicola is experienced in working to strict deadlines and takes a pro-active approach to her work and prides herself on building excellent working relationships with her clients.

Nicola Bennell is supervised by Sarah Reid who is a solicitor and Managing Director of the firm. Sarah Reid has been a solicitor since 2003.

Contact: 0191 567 0465 or email: [email protected]

Steven Douglas: Steven qualified as a solicitor in 2007. In his role on a day-to-day basis, Steven advises clients from initial instruction through to completion on both freehold and leasehold purchases and sales, buy to let properties, right to buy purchases, Lease extension, Re-mortgages, New build properties and unregistered land; and Transfers of equity.

Steven Douglas is supervised by Nicola Bennell, see details above.

Contact: 0191 567 0465 or email: [email protected]

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