Have a look at our informative legal guides to help you feel prepared.
There are several routes you can go down if you want to transfer property to family members. The types of transfer you can do and the different taxes you might have to pay all depend on a variety of things.
Explore your main options, alongside the positives and risks of each.
If you have a mortgage on your house, transferring equity might seem complicated. There are a few extra steps you’ll need to take, but the process can actually be very straightforward. Usually, through the process, your conveyancing solicitor will be there to advise you.
It is strongly advised that you hire a solicitor for a prenuptial agreement. You and your partner will need to seek separate legal advice to avoid a conflict of interests.
A transfer of equity is when a property owner adds or removes parties from the title deeds. Ownership of the property changes, but at least one of the original owners remains on the title deed. A transfer of equity can happen, for example, if you add a child to the title deed, or remove an ex-partner from the deed.