Conveyancing

Transfer of Equity

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Transfer of Equity

A transfer of equity occurs when a property’s owner adds or removes a person (or people) to or from the title on the home, altering the ‘ownership’ of the property from a legal perspective. It doesn’t necessarily involve the transfer of any money.

WHY GLOVERPRIEST?

A transfer of equity occurs when a property’s owner adds or removes a person (or people) to or from the title on the home, altering the ‘ownership’ of the property from a legal perspective. It doesn’t necessarily involve the transfer of any money.
It's essential that you get expert legal advice when transferring equity as it can result in a notable change in circumstances for you and anyone else involved.

 

What is equity?

Equity is a legal term that explains how much of a property you own. You can think of it as the value of the home minus any outstanding mortgage.

Why do a transfer of equity?

There are many reasons why you might wish to change who has legal ownership of your home, without putting it on the market and selling up., these include;

 

What is the process for transfer of equity?

The process depends on the type of transfer required:

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