Transfer of Equity
Need legal help for a transfer of equity?
Located in Evesham, Leitch & Co has over 30 years of experience in providing legal assistance related to properties and specialise in conveyancing. We serve clients across Worcestershire.
Speak with us
Transfer of equity explained
This is the legal term used when co-owners transfer or sell their interest in the property to each other.
Leasehold flats
Consider independent legal advice
In these cases we advise clients that - although we can prepare the documents - each should consider independent advice before completion.
If the property has a mortgage ...
Where there is a mortgage on the property, it can either be transferred with the lender’s consent, or the mortgage can be repaid and replaced by a new mortgage.
It should not be assumed that stamp duty land tax will not apply. There are special rules accounting for when the property is transferred subject to a mortgage or where there is a replacement mortgage. You will need our specialist advice.
To find out more about transfer of equity transactions, speak to Leitch & Co on
01386 49227
13308/ 500308
© 2024. The content on this website is owned by us and our licensors. Do not copy any content (including images) without our consent.