Transfer of Equity
What is a Transfer of Equity?
In England and Wales, a transfer of equity refers to the legal process of changing the ownership of a property, or a share in it, without selling the property on the open market. This typically involves adding or removing one or more people from the title deeds of a property.
Here is a list of common scenarios for a transfer of equity:
- Marriage or Civil Partnership – adding your spouse or civil partner to the deeds of a property they already own.
- Separation or divorce – a court order may order a transfer of equity, for example in family proceedings.
- Inheritance – following the death of an owner, in accordance with a will or intestacy rules
- Tax or estate planning – restructuring ownership of property to reduce potential tax liabilities.
Having an experienced team of solicitors by your side can make the transfer of equity process much smoother and more straightforward, giving you confidence and peace of mind every step of the way.
We offer a full service and can help you with your transaction from the very start all the way to completion. We have a specialist team of property experts ready to support you with your requirements.
FAQs
Yes – if there is a mortgage involved, a solicitor is usually required. Equally, our property department will be able to provide peace of mind that the transfer is valid and compliant.
Depending on the type of transfer, Stamp Duty may apply. Our property department will be able to advise you if this is applicable.
Yes – your lender must approve any change in ownership since this affects the security on the loan.
Typically 4–6 weeks, but it can be shorter or longer depending on:
- Mortgage lender involvement
- Complexity of the transaction
- Whether both parties are using separate solicitors
There is no set cost for transfer of equity transactions – the amount you will be required to pay depending on various components, including:
- The value of the property
- Whether the property is freehold or leasehold
- Whether a mortgage is currently in place
- Whether you are choosing to add, remove or replace an individual on the property deeds
- The amount of tax that will be due on completion of the transfer
- Any third party payment
Smooth and Confident Transfers of Equity
Whether you’re adding a spouse, removing a former partner, or restructuring property ownership for tax or estate planning, our specialist solicitors guide you through every step, making the process straightforward and stress-free.
? Call us on 01244 356789
? Email us at info@cullimoredutton.co.uk
? Or complete the contact form on this page, and one of our team will be in touch promptly.
Complete your transfer of equity with expert guidance you can trust.