We can assist with the legal aspects of transfers of equity.
Transfers of equity occur when joint owners of a property divorce or go their separate ways and the ownership and responsibility of any mortgage registered against the property needs to be transferred to a single name.
This type of transaction can often be complex and potentially involve other costs such as Stamp Duty Land Tax. Transfers of equity also occur where one party wishes to transfer the property into joint names with or without the benefit of a mortgage and again potential for Stamp Duty Land Tax may arise.
It is advisable that instructions to proceed are given as early as possible in order that the title for the property and other aspects can be investigated at an early stage in order to avoid any unnecessary delay and unexpected additional costs.