What is a property equity transfer?
A transfer of equity is the legal process in which an individual may be added to, or indeed removed from, the title deeds pertaining to a property. The transfer is brought about, in order to alter the legal ownership of the property. The transfer can take place in consideration of an amount of money, or simply by way of an act of love and affection. Whatever the reason for the transfer of the property, our team of conveyancing experts are here to assist.
Why would I transfer equity in a property?
There are a number of different circumstances in which our team are instructed to affect the transfer of property, which can include the following, as a handful of examples:
Separating or Divorcing Couples
Our team are often instructed where individuals are separating, and wish to transfer the property from joint names, into the sole name of another.
In addition, property that has been inherited may be transferred to another family member who may make better use of the same.
There does not, however, need to be a specific event that has occurred, as per the above, which initiates the transfer. Individuals may simply wish to transfer their property as an act of love and affection – would be nice, wouldn’t it!
Whatever the reason for the transfer, contact our team today who can assist and guide you through the process.