A transfer of equity is the addition or removal of a person to the deeds of the property. This could be creating a co-owner, taking a name off the lease, or transferring it all together. Example of when you may wish to transfer full ownership to either yourself or the other person could be following a divorce/ separation and the property is transferred from the joint names of the couple to a single person or if you want to give ownership/part-ownership of the property to a child or family member.

If you are looking to add or remove someone to the mortgage, you’ll need to get legal advice as you are changing the ownership of the property.

We can transfer your property from sole name to joint ownership, or vice versa, or advise on the options available for co-ownership. We can amend the deeds for you and help draw up paperwork specifying how you will own the property. We can also prepare Trust Deeds to reflect different contributions being made to the purchase price of a property.