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.

Beswicks’ conveyancing solicitors are experts in equity transfer and can provide you with all the help and advice that you need.

Prompt, easy to get in contact with and offered fantastic advice and help along the way.

Francesca Morrison

A businessman signing a contract


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Meet the team

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 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.

Beswicks App On A Phone

Mobile app – taking good communication to the next level

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.

The Beswicks Legal app is available to all Beswicks’ residential property clients.

Looking for legal advice? How can we help?

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