Transfer of Equity is the process in which you can change the legal ownership of a property. The process can be extremely complex and stressful for clients. It’s for this reason that our Wiltshire transfer of equity solicitors are here – to reduce the difficulty and stress involved.
Arranging the transfer of equity on a property needn’t be difficult. We have supported many clients over the years with the process. Whether a transfer of equity is required through a break-up or property being gifted, we can help.
Transfer of equity is the process in which the owner of a property wants to add or remove a person from the register of the property, or when the equity in a property increases or decreases.
The common reasons for a transfer of equity include:
The transfer of equity must begin with everyone’s permission. We’ll begin by gaining authorisation from the mortgage lender.
This will be completed through a Deed of Transfer document. All the parties involved in the equity transfer will then acknowledge and sign the document. It can be a sensitive situation, but we’re adaptable, our solicitors are happy to liaise effectively between everybody.
When this has been completed, the property will be valued. Once the valuation has been completed, the title investigated, the Deed of Transfer signed, and potentially a re-mortgage being completed, the final stage can be completed. This is to register the change of ownership at the Land Registry.
We’ve worked many clients and allowed them to arrange the transfer of equity for their property with great ease. Our conveyancing and residential property experts here at Middletons Solicitors are very experienced with the course.
Equity transfers can be completed quickly with minimal stress, so let our team help you. Get in touch with us today.
Middletons Solicitors have a reputation for excellence with offices based in Warminster, Andover and Stockbridge. With more than 50 years’ experience delivering comprehensive legal services, our team of legal experts provides the highest standard of advice and service.
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