Transfer of Equity
If you want to change the legal ownership of your property, you’ll need to complete a Transfer of Equity deed. This allows you to add or remove an owner. You might want to do this following a marriage, a divorce, or in order to reduce your inheritance tax liability.
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At Aticus Law, we operate on a fixed fee basis. Contact our conveyancing solicitors for a no-obligation enquiry. We’ll discuss your requirements in more detail, after which we’ll provide a total quote for the work to be carried out.
Changing ownership
There are lots of reasons why you might want to change the ownership status of your property, including:
- Divorce or separation
- Marriage or co-habitation
- Transfer of property between family members
- Buying out a joint owner
- Gifted property
- Formation of a Trust
We are a full-service law firm, meaning we have specialist solicitors in property law, family law, and probate and estate planning. Whatever your motivation for a Transfer of Equity, we provide a multi-disciplinary approach, allowing us to take care of all your legal needs.
Get in touch with our experts today for free, no obligation legal advice
Deed of Gift
Getting specialist legal advice is particularly important when it comes to probate and estate planning.
Transferring property by deed of gift allows you to transfer that property without any money changing hands. This is often done for reasons of estate planning, although is not a decision to take lightly. As well as helping you execute the deed, our residential conveyancing solicitors and probate lawyers can explore the implications of choosing this option and consider any alternatives.
Transfer of Equity deed
Adding or removing a property owner might sound simple in theory, but there is a lot to consider before you commit to the decision. Things can become especially complicated if you have a mortgage on the property. Stamp Duty Land Tax may also be payable.
If you are interested in drawing up a Transfer of Equity Deed, we will provide expert legal advice tailored to your situation. We’ll explain the effect any mortgages or other restrictions on the property may have on the process. We’ll also advise whether there are any unforeseen consequences that you might not have anticipated, such as tax liabilities.
If you are happy to proceed, we can handle the entire process on your behalf. This includes liaising with your mortgage lender, drawing up a Transfer of Equity deed, and registering the deed transfer at the Land Registry.
Get in touch with our experts today for free, no obligation legal advice