The final stage of buying a house: exchanging contracts and collecting the keys
What is required to exchange contracts and complete your residential property transaction?
Read More
If you are looking to transfer ownership into additional names or remove a person from the ownership of your property, you will require a specialist conveyancing solicitor to deal with the legal aspects for you.
Transfer of equity
Transfer of equity is the legal process of changing the ownership on a property. You might use this to add or remove a spouse as an owner after a marriage or divorce, or to adjust the ownership share.
Regardless of the reasons behind the change in ownership of your property, our conveyancing experts will provide you with an efficient and transparent service with no unnecessary delays.
The team is well-known for the quality of its advice and customer care and will guide you through transferring the equity, taking the time to ensure that you fully understand each step of the process and any legal implications involved.
If there is a mortgage on the property, the lender’s permission will be required before the transfer of equity can proceed. Whoever is on the title will bear responsibility to pay the mortgage, and the lender needs to agree that new or remaining owners are able to pay it. Our conveyancers will request this permission for you.
If the lender does give permission, you must either pay off the mortgage first or remortgage under a new lender who is willing to lend to the new owner(s).
If there is more than £40,000 to be transferred, a stamp duty certificate will be required.
During the transfer process, our team will check the deeds, perform ID checks, and prepare the transfer deed. The deed is then signed by the existing and new owners, along with a witness and the conveyancer. We will then register the new ownership with the Land Registry.
In addition to our conveyancing expertise, we also have highly reputable Family & Matrimonial and Wills, Probate, Tax & Trusts teams, who can assist you with many other issues that are frequently associated with transferring the equity of property.
For details of our fees and services in relation to residential conveyancing work, please click on the relevant drop-down option on our Pricing page which can be viewed here.
Transfer of equity
Our Conveyancing team has many years’ experience of advising on the transfer of equity for a wide range of clients, providing us with the expertise to ensure the whole process proceeds smoothly and with the minimum possible disruption for you.
The team has established strong working relationships with a number of banks, building societies and specialist mortgage providers throughout this time, which often minimises communication times when arranging your new mortgage, speeding up the overall process.
We are also a member of the Law Society’s Conveyancing Quality Scheme, which is an accreditation that guarantees that we are providing you with the best conveyancing service achievable.
Testimonial
“Having selected Flint Bishop to assist in the legal process of selling my house, I found that the concise and clear e-mails to keep me updated on each step of the process gave me confidence in their professional handling of the sale. Staff were very nice and courteous on the phone and replied quickly.”
David
“Robin was extremely efficient regarding the recent sale of my mother’s house. There were a lot of delays with the sale from the buyers and futher down the chain and Robin always kept me informed and up to date with the proceedings. He was very proactive about ensuring that the sale process was progressing as quickly as possible. When I spoke to him on the phone he was professional and personable. Overall I was very pleased with the service.”
Susan Tuckett
“Olivia Scott is fantastic, great communication and efficient.”
Bozena
“We have worked with Flint Bishop several times now — this is already our third time working with them — and each experience has been excellent. Our solicitor, Sukhy Kandola, was extremely professional and efficient, and everything went smoothly from start to finish. We can truly praise the team for their reliability and great cooperation. We’ll definitely continue working with them in the future. Highly recommended!”
Mr Pawel Tomporowski
“Lauren and Sukhy were incredible, they advised me on certain aspects of issues with the house we were purchasing, they put us at ease when things started to get stressful. If we was to sell and purchase a house again we would certainly ask for them to be our conveyancers. They were always available at the end of the phone and email. Thank you.”
Dayna Brittan
Contact Us
If you require any further information or a no-obligation quote for transferring the equity of your property, please call us on 0330 678 0167 or complete the form below.
Knowledge
Related Services
On Monday 29 September, Flint Bishop successfully completed the acquisition of the entire business of Lupton Fawcett LLP. You have been forwarded to the page most relevant to your visit.
Please feel free to explore our website and learn more about our legal services and professionals, including those who have recently joined us from Lupton Fawcett.