Reading Office: 0118 957 3425
Wokingham Office 0118 978 0099
Transfers of Equity
A transfer of equity of a property can arise as a result of the transfer or purchase of an additional share in the property by someone who previously was not an owner, for estate or tax planning purposes between couples, or a marital or cohabitation breakdown.
We can advise you where a relationship has broken down and one party wishes to transfer their interest to the other, or someone else. We can deal with one of the parties in respect of the transfer of their share or acquisition of a share and will deal with any mortgage company in by obtaining their consent and dealing with their requirements.
Alternatively, if a property is owned by one person who wishes to transfer a share in their party to another person, we can advise one of those parties in respect of the transfer and deal with any mortgage company involved.
For estate and tax planning purposes, again we can advise one party in dealing with the transfer of the property as appropriate, either into or out of joint names, and deal with any requirement of the mortgage company.
In all cases, we will prepare the necessary documents, advise on stamp duty land tax and advise on the mortgage situation and then register the transaction at the Land Registry on your behalf.
Partner and Head of Residential Property