Conveyancing
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.
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.
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.
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;
The process depends on the type of transfer required: