You might arrange a Transfer of Equity to add or remove a person from the deeds of a property, for example, if you are moving in with your partner, getting married or separating.

Our property team are on hand to ensure that you are fully updated throughout the process, and that you have considered all implications involved.

Initial Telephone Discussion

Our highly experienced solicitors will provide expert advice and assist you. Please call us for an initial no-charge discussion on 01256 460830 or email us at [email protected].

While the process of transferring equity is relatively straightforward when there is no mortgage, it can become more challenging if there is still a mortgage on a property.

When there is a mortgage on a property, consent must be obtained from your mortgage lender before the transfer takes place.

Whilst this process may only take a couple of weeks, it could take longer if there are any difficulties or disputes.

How much does a Transfer of Equity cost?

The cost of a transfer of equity can vary depending on the circumstances and the value of the property, as well as whether you were adding, removing or replacing someone on the deeds, and whether the property is leasehold or freehold.

The number of mortgages on a property can also make a difference. You may also have to pay a transfer fee to your bank if your property does have a mortgage.

Stamp Duty Land Tax

Even if you have purchased a property and paid Stamp Duty at the time, further stamp duty could be payable if the legal ownership is changed.

There may be some exemptions to this and therefore it is best to speak to our team to discuss your specific circumstances.

If the property is a ‘gift’ and there is no mortgage, or the property is split equally between two people, then there may be no stamp duty to pay. Similarly, if couples are legally separating or transferring equity by court order, there may be no need to pay stamp duty.

Our Fees

Where possible we will offer a fixed fee, so you will know what the costs are from the start. For more complex or uncertain projects, we will provide you with an estimate of the likely fees involved and keep you updated throughout the matter.

How to get in contact

Our Property Solicitors are on hand to provide expert advice and assist you wherever you are based. Please call us for a no-obligation, initial discussion on 01256 460830 or email [email protected].

Our offices are based in Basingstoke and we assist clients across the country.