Transfer of equity is the term used to describe the change of ownership of a property where at least one of the original owners remains on the legal title. Some common situations which result in a transfer of equity include couples who have joint ownership of a property separating, or couples getting married and a subsequently transferring ownership of a property from one of their names into both names.
There are several different types of transfers of equity, from simply adding a name to a title to more complex transfers involving new mortgage arrangements. Although it can be a daunting process during what may already be a stressful time for you, our residential property team here at PDA Law can provide you with expert advice on all aspects of the transfer of equity, using their wide range of experience dealing with the transfer of property in the Chester area. We will work to ensure your transfer is completed as efficiently as possible, avoiding any unnecessary delays or complications.
If you need any help or advice concerning a transfer of equity, contact PDA Law today on 01244 373 373. Alternatively, fill out our online contact form and we will be in touch at a time that suits you.
As your conveyancers, we will undertake a wide range of the responsibilities involved in the transfer of equity. Some of the services we provide include:
- Overseeing any changes to mortgage arrangements
- Dealing with any issues resulting from negative or no equity
- Drafting a Deed of Transfer
- Overseeing the transfer of any assets between parties
- Completion of Stamp Duty Tax Land Return (SDLT form) if required
- Registering all changes with the Land Registry
Why PDA Law?
At PDA Law we are dedicated to offering a friendly, professional and efficient legal service. Headed by the highly respected solicitor Sean Watts, our residential property team has achieved outstanding results for a large number of clients, and we are committed to helping you complete your transfer of equity in a prompt and professional manner.
If you are considering a transfer of equity and need help or legal guidance, contact PDA Law today on 01244 373 373, or fill out our online contact form and we will get in touch at a time that’s convenient for you.