Experts in Transfer of Equity transactions

When a marriage or common-law partnership ends, any property that has been co-owned must be altered to reflect the change in circumstances. The property may be sold and the proceeds divided between the individuals concerned. Alternatively, if one party decides to sell their interest to the other, then a Transfer of Equity occurs.

Appointing an experienced solicitor - on a fixed conveyancing fee - such as mosshaselhurst for Transfer of Equity enables you to identify any liabilities in advance and budget accordingly.

A Transfer of Equity may also be an outright gift, involving no financial transactions. Alternatively, if the property was mortgaged, the person buying out the other needs to contact the lender to re-arrange the finances. Proposed changes will need the lender's approval and the ability to support the mortgage financially must be demonstrated. In some cases, people take this opportunity to secure a new mortgage with a different lender.

If recently purchased, there may be little or no equity which means that the exiting owner receives no payment (but can still be released from the mortgage commitment).

Our dedicated team has handled numerous Transfer of Equity transactions on behalf of our clients and we strive to provide a professional, efficient, quick and cost-effective service.

Why not find out more? Please contact us for details of our services and conveyancing fees.