Transfer of Equity Solicitors
A transfer of equity transaction alters the shares between owners of a property, and it usually involves adding or removing a person from the records that are held at the land registry. There are many reasons as to why our clients may choose to do this, but the most common include:
For tax purposes: Homeowners sometimes transfer equity to another family member or to a different company to be more tax-efficient. If you are considering this option, we strongly recommend that you take financial advice from a qualified and insured tax advisor as the rules can be extremely complex.
If you are adding an extra owner: This may be due to a new relationship or for other family reasons. On some occasions it may be that money is being paid for the share or sometimes it is being given as a gift.
When buying out the equity of a joint owner: This may be due to the breakdown of a relationship, or simply to buy out a friend or family member that helped you get on the ladder in the first place.
How can we help you?
At FDR Law, our experienced and knowledgeable lawyers will provide you with clear and concise advice that is tailored to your specific circumstances. You will receive expert advice and our team will help you understand any of the implications the transfer may have on your existing properties. We are a dedicated team that are committed to ensuring that your interests are protected throughout the process and beyond.
The support we offer varies on the needs of our clients, but our team will be able to advise you on a variety of areas including any effects the transfer may have on any existing mortgages and help you or your mortgage lender mitigate any associated risks.
Our team will work closely with qualified and insured tax advisors to ensure that your transfer of equity is tax-efficient and complies with all relevant regulations.
We will also assess whether a transfer of equity transaction will lead to a stamp duty or land transaction tax payment being due. Our team will provide you with expert guidance on how to proceed and help you navigate this process.
Why Choose FDR Law for your Transfer of Equity?
When it comes to transferring equity, you need a legal partner who can guide you through the process smoothly. At FDR Law, our experienced property lawyers understand the complexities involved in transfer of equity transactions. All our lawyers are trained and experienced in property law and are dedicated to providing you with expert advice, supporting you every step of the way.
Get in touch with us to find out more
If you're considering a transfer of equity but would like to discuss the process in more detail with one of our expert property lawyers, please don't hesitate to get in touch. We will be able to talk you through the process and what it looks like for your specific circumstances.
We're here to help you navigate the process smoothly and efficiently, so contact us today and speak with the team.