Transfer of Equity
Let Goughs Solicitors guide you through the transfer of equity process
Transfer of equity
What does it really mean?
When you own a property you may wish to transfer the ownership to another person or people. Similarly if you jointly own a property, you may wish to take on full ownership.
The process has a lot of moving parts, so you need to be prepared; luckily you’ve come to the right place to get the best advice from an expert transfer of equity solicitors firm.
When will I need to use a transfer of equity?
There are many different situations when considering a transfer of equity might be the right option for you.
If you are going through a relationship breakdown and one party wishes to remain in the home, transferring their share to you, or your share to them could be far easier and less emotional than selling the property.
You may wish to gift your share of a property to a family members or friend
All situations are unique and require tailored advice so please get in touch for further information to suit you.
Don't waste time and money, enlist an expert
Your local transfer of equity solicitor since 1882
How much does it cost to make a Will?
Your transfer of equity questions answered
The most considerable amount of time will be the mortgage company assessing your eligibility, should you be taking on a greater mortgage value on your own. Although, if you are transferring equity without a mortgage, the process can be very quick indeed.
All parties involved will need to sign documentation, so to speed up the process you could arrange to all do this at the same time.
As with all conveyancing matters, the more complicated the process, the longer it will take. As all situations are unique, get in touch for a bespoke quote today.
The cost of an equity transfer will vary dependent on the circumstances and the value of the property or properties involved. Other factors that will influence the price will be whether you are adding, removing or replacing someone on the deeds, and whether the property is leasehold or freehold.
You may also have to pay a transfer fee to your bank if the property has a mortgage.
Transferring equity can incur other costs so please get in touch for more detailed advice. These are dependent on individual circumstances. Your dedicated Goughs residential property lawyer will be able to advise on the costs you will incur, so get in touch today.
Very professional service
Very professional service - at a difficult time due to Covid 19.
Helpful, prompt and efficient
Ms Michelle Fielding
I would definitely recommend Goughs
I definitely would recommend Goughs they were very efficient, very helpful and always informed us of what was happening in the chain.
Ms Kathleen Lucas
Thank you very much for doing a great job
Thank you very much for doing a great job as always, would recommend you for sure for being so efficient and getting the job done as quick as possible.
Very helpful. Advice clear with plenty of time for us to consider all the options before making decisions.
Very thorough, and we also got forces discount.
Bath Property Awards 2021
Legal & Financial Winner
Goughs prides itself on its first-class service, with growing property marketing reach and increasing areas of expertise. Enquiries also escalated by 20%, a commanding showing this year!
Goughs make a refreshing change
We have worked alongside the conveyancing team many times and have always found them efficient, helpful and knowledgeable. When you work with as many firms as we do, Goughs make a refreshing change
5 Star service all the way
I have been working in the property market for over 25 years and it's so refreshing to be able to find a company who has old fashion values and talks to you in the old fashion way where you're not just a number but a person and they truly do care about giving a professional service that is also personal. 5 Star service all the way, thank you so much for your excellent advice and knowledge will be delighted to recommend you to both family and friend.
Clearly explained the house selling process;
She clearly explained the house selling process; the hitches that could happen. She was friendly and efficient.
Very thorough, with attention to every detail
Very thorough, with attention to every detail, instilled confidence that helped everything to progress quickly and smoothly.
Video content from site to go here.
Your transfer of equity team
Local since 1882, with an excellent reputation
First-class, effective service
Largest solicitors in Wiltshire
Seven offices throughout the county
Nationally accredited law firm
Recognised by Legal 500 and Chambers & Partners
What, where and why you need your title deeds
Your essential guide
Conveyancing: What does 'exchange of contracts' actually mean?
Weigh up your options