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PERSONAL Legal Services

Transfer of Equity

What is a Transfer of Equity?

When somebody is added or removed from the title deeds, this is known as a transfer of equity. Examples of transferred equity include when a parent adds their son or daughter to title deeds, and when a sole owner adds their spouse. The mortgage deed will also have to be altered if the property in question has a mortgage on it.

A transfer of equity is required if you need to change how the property is registered, such as removing or changing a person on the land registry. The change can be done in one transaction and if there is any consideration to be paid to the removing party, money is transferred directly to them on completion.

How we can help

The team at McHale & Co understands communication and timing is key when it comes to such matters. This is why we ensure you are fully updated and that you receive an updated copy of the entry within six to eight weeks after completion.

 

Also In This Section:

Our Residential Property Team

Stephanie Mellor

Stephanie Mellor

Solicitor

David Burke

David Burke

Solicitor

Sinead Murphy

Sinead Murphy

Head of Bridging Finance

Jessica Senior

Jessica Senior

Trainee Solicitor

Joanne Daly

Joanne Daly

Conveyancer

Nicola Nolan

Nicola Nolan

Conveyancer

Maki Kucharova

Maki Kucharova

Conveyancing Assistant

Mika Mukadi

Mika Mukadi

Paralegal

Luke Spilsbury

Luke Spilsbury

Relationship Manager

Jim Schofield

Jim Schofield

Consultant Solicitor

Get in Touch

If you would like to know more about how our tailored legal services can best suit your needs, please do not hesitate to get in touch.

Although we are based in Greater Manchester, we provide high-quality legal assistance to those who need it around the UK.

Call us today on 0161 928 3848, or fill in the contact form below.