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Transfer of Equity
A transfer of equity means a change in the legal ownership of a property without necessarily the sale of the property itself. The equity refers to the value of the property after repayment of any loan.

Transfers of Equity often take place where two people decide to live together (cohabit) and live in a home already belonging to one of the couple. Or on marriage, a transfer of equity would be necessary to put the new husband's or wife's name on the deeds. If a relationship or marriage breaks down and two home owners separate or divorce, a transfer of equity would be necessary to transfer the home from joint names to a single name. Often a re-mortgage either to a better mortgage deal or to enable one owner to buy the other out, is part of the arrangement. Sometimes transfers of equity are for other reasons, possibly tax planning.

Lawson-West deal with many transfers of equity and we recognise that these transfers often take place at very difficult times in people's lives. Our conveyancing department therefore works in co-operation with our family department and any other professional advisors such as mortgage brokers to ensure that the transaction is handled as smoothly and as straightforwardly as possible.

Phone us now on 0116 212 1000 or complete the get a quote on-line form for a quote on your transfer of equity.