Transfer of Equity
A Transfer of Equity is the legal process of adding or removing someone from the ownership or title deeds of a property. At least one of the original owners will remain the same and it may or may not involve an exchange of money. There are many reasons why you might chose a transfer of equity ranging from the breakdown of a relationship or for tax purposes.
Making Transfer of Equity transactions stress free for all parties involved
Whether you are the person remaining on the property title deeds or the person being added, Oakwood Property Solicitors will guide you through the process and ensure that you are fully aware of all the legal aspects and processes involved.
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How do we do it?
Solid communication and overseeing all aspects of your matter are at the heart of the benefit that we offer. This involves speaking to all parties involved and ensuring that the transaction happens correctly, sympathetically and without delay.
As part of the process we will:
- Obtain up to date title deeds or review unregistered deeds
- Determine the legal ownership of the property in question
- Draft or approve the Land Registry Transfer Deed and any other appropriate documents
- Liaise with any legal representative for other or third parties if applicable
- Liaise with mortgage providers to redeem current mortgages or review/process new mortgage offers
- Arrange the signing of legal documentation
- Deal with any post completion matters at Land Registry to update the legal ownership of the property
How long will it take?
Timescales always vary in these matters as unforeseen events can occur however we would anticipate this to take between 4-6 weeks in usual circumstances. We will always update you if we become aware of any potential delays in a matter.
Choosing Oakwood Property Solicitors
Personalised advice: we ensure that we always communicate in a way that is clear and understandable to ensure that you comprehend every step of the transaction.
Accredited solicitors: As an approved Conveyancing Quality Scheme (CQS) Practice, we have been recognised for the high standard of residential conveyancing that we offer to the local community of Leeds and beyond.
Support from a highly knowledgeable team: Our solicitors are available when you need them and can be reached quickly via email or phone ensuring all all your queries are resolved as efficiently as possible.
