Transfer of equity occurs when the owner of a property or piece of land transfers or sells their interest to another owner of the property. Sometimes the equity is completely transferred to another party; on other occasions, the equity is only transferred in part.
Reasons for transferring equity include:
- Changing title deeds to include offspring/relatives
The process can be initiated to transfer the title of a property into joint names or to transfer property ownership from joint names into one name.
We can obtain official copies of the title deeds in preparation for the transfer of equity. We can then prepare the transfer deed and join in any third party that has an interest in the property. Our team can also advise you on stamp duty laws.
Whatever your situation, Newbold Solicitors can help. If you are interested in changing title deeds (for any reason), please contact us.