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Residential Property Solicitors at Slater and Gordon can help you with transferring property equity. Call us on freephone 0800 916 9083 or contact us online.
We can assist with transferring of equity if a property needs to be transferred into another name in accordance with a divorce settlement or if you just need to for another reason.
If there is a mortgage registered over the property, you will need to apply to your current lender to approve a “transfer of equity” application. Once the application has been approved, and we have instructions from your lender, we can draft the transfer deed, which effects the transfer of the property. We will then send this to you for signature.
It's important to note that stamp duty land tax is sometimes payable on transfer of equity transactions. Ask us about this, one of our property Lawyers will be able to advise you. Once the transfer deed has been executed by all parties, we will obtain any additional funds from you and/or your lender and proceed to the completion stage.
Once completion has taken place, we will apply to the Land Registry to register the new ownership of the property. Once the Land Registry has completed the registration, we will provide you with a copy of the title deeds and return any original documents to your lender for retention.
Slater and Gordon Lawyers is one of the UK's largest and well known law firms with offices in London, Manchester, Watford, Liverpool, Chester, Birmingham, Sheffield, Cardiff, Edinburgh, Cambridge, Milton Keynes, Preston, Wakefield and Wrexham.
© 2017 Slater and Gordon (UK) LLP a Limited Liability Partnership registered in England & Wales (OC371153). Slater and Gordon (UK) LLP is authorised & regulated by the Solicitors Regulation Authority.
Slater and Gordon (UK) LLP is authorised & regulated by the Financial Conduct Authority (FCA) for insurance mediation activity.