Transfer of Equity
What is a Transfer of Equity?
A transfer of equity is the legal process of changing the ownership structure of a property, typically involving adding or removing an individual from the title deeds, without selling the property.
What work we will undertake for you?
In a transfer of equity, we will manage the legal process of changing the ownership structure of the property, which includes preparing and filing the necessary documents, liaising with mortgage lenders if applicable, and ensuring that the transfer complies with all legal requirements.
Work expected to be carried out in this transaction but not included.
In a transfer of equity, work that might be expected but not typically included by a solicitor could involve negotiating with mortgage lenders for better terms, providing financial advice regarding the implications of the transfer, resolving disputes between parties involved in the transfer, or handling any tax implications beyond basic stamp duty considerations. These tasks often require additional expertise or services beyond the standard legal process of changing the ownership structure of the property.
Time Frame
The timeframe for completing a transfer of equity in the UK typically ranges from four to six weeks.
Fees
The fee for a standard Transfer of Equity is £650.00 + VAT (£780.00 inc VAT)
*These fees could increase if the complexity of the matter turns out to be above the standard conveyancing procedure. We will discuss, if relevant, any increase in fee with you prior to undertaking additional work. Additional work will be carried out at our standard rates.
Matter Specific Disbursements
None.
General Disbursements
For more information about general disbursements listed below and their cost please click on the "General Disbursements" button below:
Identification of client.
Telegraphic Transfer fee.
Office Copy Entries
Fee earners specialising in this field. Please click on their profile to see relevant experience.
Jonathan Davies
