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Transfer of equity

Guidance on the release or transfer of equity.

#WeAreClarity

What is transfer of equity?

A transfer of equity is required if you wish to add or remove someone from the legal title to a property, but one of the original owners remain.

Your equity transfer,
our expertise

Whether you’re looking to add or remove a name from a property’s title, adjust ownership percentages, or transfer property ownership between family members or partners, our Transfer of Equity service is designed to streamline the process. Our experienced team of conveyancing professionals navigates the intricate legal landscape on your behalf, ensuring that all required documentation is meticulously prepared and processed.

A tailored approach

Our experienced team takes the time to comprehend your specific circumstances and goals, ensuring that the transfer is executed in a manner that aligns with your needs. Whether you’re navigating a divorce, gifting property to a family member, or making changes for investment purposes, we offer guidance that’s not only legally sound but also considerate of the personal implications involved. With our client-focused ethos, you can trust us to streamline the Transfer of Equity process, making it a seamless transition marked by professionalism, transparency, and the utmost care.

Clear and concise legal advice for the people of Milton Keynes, Northamptonshire and beyond.

With our comprehensive suite of services, your Transfer of Equity process is in capable hands. We’re committed to offering a smooth, transparent, and personalised experience that delivers the clarity you deserve throughout this important transaction.

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Tailored Guidance

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Legal Document Preparation

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Ownership Structuring

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Risk Management

Trustpilot Reviews

Providing clear, concise legal advice for the people of Milton Keynes, Northamptonshire and surrounding areas.

“Our passion is to build strong relationships with our clients, making sure that we fully understand the individual’s needs, in order to both personalise and tailor our service to them. We want to make the buying, selling or remortgaging of a property as easy, efficient and clear as possible.”

Joanne Bailey – Director & Solicitor

FAQ's

Your residential conveyancing questions answered

How long does it typically take to complete the house buying process?

The house buying process in England and Wales typically takes around 8 to 12 weeks to complete. However, this timeline can vary depending on various factors such as the complexity of the transaction, the responsiveness of all parties involved, and any unforeseen issues that may arise during the process. Read more in our blog.

Buying a house is a significant financial and emotional decision, and the process can be quite involved. It is essential to understand the various stages involved to navigate through the process smoothly. Contact us today for support.

What are the steps involved in the conveyancing process when buying a property?

The conveyancing process involves several key steps when purchasing a property. In this blog we will explain the steps that a conveyancing team such as Clarity, will take to ensure that all legalities have been dealt with in the correct manner.

We are an experienced team of conveyancers, with office in Milton Keynes and Northampton. If you have any questions you have about the home buying and selling process, please feel free to get in touch or read more in our blog

Why consider downsizing your property?

As life progresses, priorities change, and circumstances evolve. For many homeowners, the prospect of downsizing from their existing property to a smaller one becomes an attractive option. Whether it's to free up finances, simplify living, or embark on a new chapter, downsizing can hold numerous benefits. We've listed some key considerations and benefits over on our blog.

What is Stamp Duty?

Stamp Duty Land Tax (SDLT) is a tax imposed by the UK government on the purchase of residential properties over a certain price threshold. The amount of SDLT payable is determined by the property's purchase price and its classification (e.g. main residence, second home, or buy-to-let investment). The tax is payable to HM Revenue & Customs (HMRC) and must be settled within a specific timeframe after completion. Understand how its calculated by reading our blog.

What is the difference between a freehold and a leasehold property?

There are two primary types of property ownership: freehold and leasehold. Each possesses its unique set of characteristics, responsibilities, and implications.

When you buy a freehold property, you acquire full ownership of both the building and the land it stands on. As the freeholder, you have complete control over the property without any time constraints. In contrast, when you purchase a leasehold property, you only own the right to live in the property for a fixed term, known as the remaining term of the lease. The lease is essentially a contract between you (the leaseholder) and the landlord or freeholder, granting you the right to occupy the property for a specified number of years. However, the land itself remains the property of the freeholder. To know more, read our blog.

What are the pros and cons of buying a new build property?

In recent years, new build properties have gained popularity among homebuyers. These properties offer modern amenities, energy-efficient features, and the allure of a brand-new living space. They are also generally lower to maintain than older properties and include a builder’s warranty, for peace of mind.

On the flip side, they can include a premium price tag. New build homes can also be subject to completion delays and snagging issues. Engaging a reliable conveyancing company such as Clarity will help you stay informed and ensure that you are making a sound investment in a property with a reliable developer, resulting in a smooth and hassle-free experience. Read our listed pros and cons here.

How does shared ownership work when buying a property?

Shared ownership is a housing scheme that allows buyers to purchase a share of a property (usually between 10% to 75%) and pay rent on the remaining portion owned by a housing association or the developer.

Over time, buyers can gradually increase their share through a process known as "staircasing," which involves purchasing additional shares. This allows individuals who may not afford to buy a property outright to get onto the property ladder. Read more about how shared ownership works by reading our blog.

How can I buy a property on my own?

Buying a property on your own in the can be a significant financial decision, but it can be a feasible goal with careful planning and understanding of the process. Whether you are purchasing on your own, or considering shared ownership, buying with a friend or using a guarantor. Read more in the blog.

The process can be complex, so it's crucial to seek professional advice at each stage. Consider consulting with a financial advisor, mortgage broker, and an experienced conveyancing firm such as Clarity to ensure a smooth and successful purchase. Contact us today to get started.


© 2023 Clarity Legal Services Limited. All Rights Reserved. Clarity is the trading name of Clarity Legal Services Limited which is authorised and regulated by the Council of Licensed Conveyancers (CLC) under licence number: 11544. The Authority rules can be accessed at www.clc-uk.org. Clarity Legal Services Limited Company is registered in England and Wales under number: 11428837. Registered office at: 15 Castilian Street, Northampton NN1 1JS. VAT number: 301 4102 81.