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?

Pricing for a single Will

Starts from £xxx

Pricing for multiple Wills

Starts from £xxx

Pricing for a joint Will

Starts from £xxx

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. 

Digmore Sid

Excellent service

I engaged the services of Goughs Solicitors in Trowbridge, in particular Ailie Peacock, to act on my behalf for the sale of my house. Ailie was always clear with her advice, acted in a timely manor and answered any questions I had almost immediately. She was very proactive in dealing with the other parties involved in a slightly convoluted chain.

Ailie also managed a very late request from our buyers with calm efficiency and the utmost professionalism. The end result was a smooth sale and completion, with remarkably little stress on our part. I would not hesitate from using them again.

2021-02-27

Margaret Wilson

Clear concise advice

Quick response to e-mails or phone calls. Will certainly use again in the near future. Clear concise advice patiently given!

2021-03-09

Mr Ian Liddle

Excellent service

Excellent service as usual.

2021-04-01

Alan

Superb once again.

Superb once again. Goughs provides outstanding service... professional in getting the job done and conducted with grace and care. Thank you Goughs!

2021-04-01

Ashley Stone

Rhianna Cole

The solicitor I dealt with at Goughs, Rhianna Cole, was an absolute star, I cannot fault her in any way at all. She made everything in the situation I was in so easy to understand, and she guided me through an extremely stressful time, with extreme professionalism, yet a very personal and sensitive touch. Can't big them up enough.

HIGHLY RECOMMENDED.

2021-04-01

Matt Saunders

Made first-time buying a (relatively) simple process!

Sophie was very attentive and responsive and understood the need to act quickly in regard to our purchase process. She was diligent with the paperwork and was very easy to talk to and clear at explaining what was required in terms of action from our side and from the seller.

2021-04-08

Testimonials

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!

2021-03-20

Robert Winfield

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

2021-02-13

Matt SBS

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.

2021-02-08

Anon

Clearly explained the house selling process;

She clearly explained the house selling process; the hitches that could happen. She was friendly and efficient.

2020-11-03

EG

Very thorough, with attention to every detail

Very thorough, with attention to every detail, instilled confidence that helped everything to progress quickly and smoothly.

2021-02-03

Your transfer of equity team

Gemma Rodriguez-Molloy

Residential Property Practitioner

Gemma joined the Residential Property Department at Goughs in 2015. She thoroughly enjoys every aspect of buying and selling properties and the excitement of clients when they reach completion!

Catherine Thompson

Residential Property Practitioner

Catherine joined the firm in August 2016 as a trainee conveyancer and is now a Residential Property Practitioner based in our Calne Office.

Helen While

Residential Property Practitioner

Helen is a Residential Property Practitioner based in our Devizes office who prides herself on providing a comprehensive and tailored service to all clients.

Sophie Laird

Residential Property Practitioner

Sophie deals with all aspects of residential property, remortgaging, tenancies, transfer of equity, help to buy, and military help to buy schemes.

 

Sarah Thomson

Senior Associate & Head of Residential Property

Sarah is the Head of the Residential Property team and deals with all aspects of residential property, including freehold and leasehold sales & purchases, remortgages, transfers of equity, shared ownership, and auction sales & purchases.

Donna Linden

Associate Residential Property Practitioner

Donna has been working in residential property for almost 40 years and has experience in all areas of property work including freehold, leasehold, new build, help to buy, transfers of equity, and re-mortgage. Donna believes that all clients should feel supported during one of the most expensive and emotionally charged transactions in their lives.

Lisa Seddon

Solicitor

Lisa qualified as a Solicitor in 2001, later specialising in Conveyancing since she enjoys the high level of client interaction that it requires. Lisa joined Goughs in 2019 after moving to Wiltshire with her family.

Nadine Cook

Associate Solicitor

Nadine joined Goughs as a Solicitor in 2019 and progressed to Associate level a year later. Nadine provides a professional service to her clients in a friendly and welcoming manner, and she works proactively and efficiently to ensure that her clients' needs and expectations are met.

Ailie Peacock

Senior Associate Licensed Conveyancer

Ailie started with Goughs Solicitors as a Paralegal in the Conveyancing Department in November 2004. She subsequently studied for the next four years and qualified as a Licensed Conveyancer in 2009. Ailie progressed to Associate level in 2014, and Senior Associate in 2019.

Isabel Figueiredo

Partner & Notary Public

Isabel has always been proud of providing a very high quality of personal service to her clients. With Isabel's assistance, her clients have been able to make their lifetime investment, whether buying their new home or stepping onto the property ladder for the first time.

Lindsey Nolan

Associate Solicitor

During her training contract, Lindsey developed an interest in Conveyancing, finding that she enjoyed progressing matters from start to finish whilst keeping open good lines of communication. Lindsey joined Goughs Solicitors in 2017 and became an Associate Solicitor in 2019.

Why work
with Goughs?

Local since 1882, with an excellent reputation

First-class, effective service

Largest solicitors in Wiltshire

Seven offices throughout the county

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Related Pages

What, where and why you need your title deeds

Your essential guide

Conveyancing: What does 'exchange of contracts' actually mean?

Weigh up your options

Conveyancing

Transfer of Equity

Remortgaging

Equity Release

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