Looking to change the ownership of your property by adding or removing a person from the property title?
Transfers of equity are easy with Farleys’ residential property specialists. Whatever your reason for needing a transfer of equity on your property, whether due to:
Marriage – wanting to transfer a property into joint names
Cohabitation – wanting to add a partner to the property title
Divorce or separation – transferring a jointly owned property into a single name
Asset management – following estate planning advice or advice from a financial professional.
our residential property lawyers have the extensive knowledge of property law to assist you.
Due to the number of people often involved in the transfer of equity on residential properties, it can be easy for things to quickly get complicated without the correct legal guidance. We have offices across Lancashire and the North West and we are easy to contact throughout the process so you can be safe in the knowledge that your transfer of equity will be completed efficiently.
Our work covers:
Obtaining title documentation from the Land Registry
- Liaising with your lender, if you have a mortgage against the property, to ensure their requirements are satisfied
Checking Stamp Duty Land Tax status (Is there any owing?)
Drafting financial statements for money owed to all parties involved
Ensuring funds and paperwork are received, correct and signed
Formally confirming any change in equity with the Land Registry and providing you with a copy of the updated title.
As well as transfers of equity, we can also advise you on negative or no equity circumstances and the legal implications these may have.