Transfer of Equity Legal Expertise
Whether you are getting married, divorced, undergoing tax planning, newly cohabiting, or have inherited property, our specialist conveyancing team has the experience and expertise to make sure the legal process is as simple as possible for all parties involved.
We take as much stress out of the situation as possible.
People may wish to transfer equity for any number of reasons, such as to release funds from a house or to add another individual to the title of a property, and the complexity of doing so is dependent on whether or not there is already an outstanding mortgage on the property.
It is therefore important you have access to the expert help you need to ensure your transfer of equity is completed with minimum fuss.
Transfer of Equity Services
Why Might Someone Want to Transfer Equity?
There are a number of reasons why someone would want to transfer equity.
As a Gift
There are many reasons that the owner of a property may choose to transfer equity to somebody, but before doing so you should be fully informed about all the implications and risks involved – we can help you with this.
Gifting property to another person may have tax implications and we have very good relationships with some helpful independent tax specialists that we can put you in touch with to make sure you are fully informed.
We want to make sure you achieve the outcome that is right for you and we will talk you through the various options available to you.
To Your New Partner or Spouse
If you already own a home as a sole owner when you meet a new partner or get married, you might decide that you want them to own the property with you.
You can transfer your property into your joint names by way of a gift or your partner can buy a share of the property’s value.
Depending on the value of the share your partner is buying, there may be stamp duty payable when they’re added to the title deeds.
Home Property’s (previously known as Beyond Conveyancing) experienced and friendly team of property lawyers is here to help you with this.
For Tax Reasons
You may be considering transferring legal ownership of your property to your children, another family member, or a company when you are looking at tax planning and it is really important to get advice as early as possible to consider whether it is appropriate.
We have very good relationships with some helpful independent tax specialists that we can put you in touch with to make sure you are fully informed.
Transfer on Divorce
A transfer of equity may be required when sharing out the financial assets of the marriage following a divorce or separation, whether you own the property on your own or together.
Stamp duty isn’t payable on this kind of transfer, but Capital Gains Tax may be payable depending on a number of circumstances.
We understand this can be an incredibly difficult time and that is why our dedicated and experienced team is here to make it as stress-free and straightforward as possible.
We want to support you in any way that we can.
Why Choose Home Property Law?
We are a leading North-West, award-winning practice and we are passionate about delivering excellent results for our clients.
Our conveyancing team, led by Partner Sarah Edwards, is made up of highly experienced specialist solicitors who will ensure you receive an efficient, friendly, and reliable service.
We use modern technology to enable us to provide the very best service to our clients, but we keep our clients at the heart of everything we do, and traditional values and personal service remain at our core.
We pride ourselves on providing a service that is personal and tailored to each client’s transaction and individual requirements.
We offer fixed conveyancing fees so you’ll know exactly how much our services will cost you from the outset, offering our clients a transparent service and providing peace of mind throughout the transaction.
Get in Touch with Us Today
We’re a full-service practice of highly skilled conveyancing solicitors with teams covering every conceivable aspect of property law so if you support remortgaging, transferring equity, or any other legal advice relating to a conveyancing issue, we can help.
To receive expert advice from one of our property solicitors, you can call us at 0333 433 0275, email us at hello@homepropertylaw.co.uk, or fill in our contact form.
