Transfering a Property
Transfers of Equity generally occur between family members or ex-partners when separating. In divorces, for example, if one party is keeping the house and buying the other out then a transfer would be needed to remove one person from the ownership of the property. It can also be done when gifting a property to children although there can be tax implications that you should be aware of.
We also offer independent legal advice if you are involved in a transfer of equity but are not instructing a solicitor to act on your behalf. We would always recommend that anyone giving up equity in a property gain independent legal advice and if we are not acting for you in the transfer we can give this independent legal advice.