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Doncaster Office
Sheffield Office

Transfer of Equity

A Transfer of Equity is the legal process for changing the legal ownership of a property. It is essential that you obtain expert legal advice when considering a Transfer if Equity as it will result in a notable change in circumstances for you and anyone who is a party to it.

Equity is simply the residual value of the property after any mortgage is deducted from the market value.

The transfer of equity happens when an owner wants to add or remove people to the title register of the property. This could be a freehold or leasehold property and it can relate to land or buildings.

Why would I want to transfer equity in my property?

  • You may wish to transfer equity to a family member
  • Tax reasons
  • You may move in with someone who already owns a property, and you may want to own a part of it
  • You may be separating and wish to transfer equity to one person or another

Once all parties are in agreement to the proposed transfer, our expert lawyers can prepare the transfer documentation and involve a mortgage company if an existing mortgage exists on the property. A transfer of equity can also be completed at the same time as remortgaging a property.

Our Property team are experts at ensuring a smooth transfer of equity occurs and are experienced in the process of advising parties who wish to be added to a title and a mortgage or removed from a title or a mortgage on the property.

The completion of a transfer of equity may mean you have to pay stamp duty land tax. Our conveyancing team can establish immediately whether or not a proposed transfer of equity will trigger a stamp duty land tax payment.

All costs and anticipated fees and payments that we would make on your behalf would be advised at the outset of the proposed transfer to provide clarity and assurance that there will be no surprise fees or expenses upon conclusion of the transfer.

For more information why not download one of our Conveyancing Guides

 We can also help you with any of the following:

Are you transferring an interest in your property? 

Our team can advice you through this process

01302 341 414 0114 272 1884
Residential Property Team Headed up by Partner Mark Walton, our Residential Property team, based at both our Doncaster and Sheffield offices can help you with all your property legal needs from buying and selling your home to equity release Meet the team
Great company, very professional. Andrew was my solicitor and always seemed to be available, a massive help, never any problems or complaints. Would recommend to all. Mr Findlay opening-speachmarks closing-speachmarks
Smooth and hassle free service everything was taken care of for me. Anon opening-speachmarks closing-speachmarks
Excellent, polite and friendly service. Will always use Mark and his team for purchase and sale of property. Mr and Mrs Morris opening-speachmarks closing-speachmarks
I used Taylor Bracewell for the sale of my fathers home. Richard Ellis who I dealt with was great and made a very difficult time for me whilst sorting my dads POA very straight forward. I did have to call him twice and both times he answered the phone promptly and was able to put my mind at ease. I would use them again without hesitation. Thank you. Mr Wilkinson opening-speachmarks closing-speachmarks
Brad has been very helpful from start to finish. Always available to contact and has sorted any issues along the way. We are extremely pleased with everything. Thank you for all your hard work. Mr and Mrs Nicholson opening-speachmarks closing-speachmarks

Contact Our

CONVEYANCING TEAM

If you are looking for Conveyancing experts to help you with Residential Property Law needs, our team will give you a call back at the earliest opportunity. Alternatively, you can call our Doncaster office on 01302 341414 or our Sheffield office on 0114 272 1884
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