Transfer of equity
Head Office: +44 (0)1782 205000
Altrincham: +44 (0)161 929 8494Transfer of equity
Transfer of equity
Transfer of Equity Solicitors
From quick quotes to clear advice, we've got you covered- Qualified, expert team
- Accredited by the Conveyancing Quality Scheme
- On hand to answer all your questions
01782 205000
Transfer of Equity Solicitors
Transfer of Equity is an important process when buying a property, so ensuring you get it done correctly is a must. Beswicks’ conveyancing solicitors are experts in equity transfer and can provide you with all the help and advice that you need.
Get a transfer of Equity Quote, or find out more about our fixed fees.
What Is Transfer Of Equity?
Transfer of equity is the term used to describe adding or removing the names of the owners of a property when at least one of the original owners stays the same. It is important to note that a mortgage lender would need to consent to any change.
It is necessary in a variety of circumstances, for example, when one partner keeps the house following separation, to add a partner to your mortgage or to adjust a co-owners’ share in the property.
Each party should seek independent legal advice when considering a transfer of equity. The solicitors will handle all of the legal work required by the Land Registry.
Meet our Team of Conveyancing Solicitors
Beswicks’ residential property team has Conveyancing Quality Scheme accreditation, providing peace of mind about the qualifications, experience and standards that you are guaranteed when you instruct us to handle your property purchase.
We also have our own Beswicks Legal app enabling you to track progress with your transaction, receive alerts and updates, and view your documents securely.
What Is The Legal Process For Transfer Of Equity?
ID checks
The first thing your solicitor will ask for is proof of ID. This is necessary to satisfy regulatory and anti-money laundering requirements.
Take instructions
Your solicitor will then obtain and confirm all instructions before starting work on your transfer of equity. We use a simple questionnaire to capture the information that we need.
Title deeds
We will obtain an official copy of the title for the property and check this for restrictions and mortgages.
Transfer documents
We will draw up a transfer deed document to be agreed and signed.
Mortgage instructions
We will ensure all conditions are complied with.
Inform third parties
We will inform and seek the written consent of third parties such as those with the benefit of restrictions.
Sign the transfer deed
Signing should be independently witnessed.
Land Registry
Once the transfer deed has been signed, we will pass details to the Land Registry, so they can update the legal title.
Typically, the whole process takes 4-6 weeks.
Choose Professional Transfer of Equity Solicitors
Here at Beswicks Legal, we have a qualified team of expert Transfer of Equity solicitors ready to help you. We believe in providing clients with regular updates during their transactions, as well as ensuring they have access to their solicitor whenever they need it.
The Beswicks Legal app takes this one step further by delivering alerts direct to your mobile phone and enabling you to track progress when it suits you. Our app takes the stress out of things by allowing you to check progress with your transaction and sign and return documents.
Get the legal support you need for Transfer of Equity
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Your questions... answered
How long does the conveyancing process take?
This tends to depend on whether the property is leasehold or freehold. If a
When should I get a conveyancing solicitor when buying a house?
It’s best to speak to solicitors when you start viewing properties or
Do I need a solicitor to re-mortgage my home?
You will need a solicitor to handle the legal aspects of your re-mortgage,
What’s the difference between freehold and leasehold?
Freehold is the permanent and absolute tenure of land or property with the
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