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Latest Equity Matters News and Opinion from The Law Superstore
Transfer of Equity Costs
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.
Transferring ownership of a house with a mortgage
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.
Transferring property ownership to family members
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. This article explains the main options available to you, the positives as well as the risks attached to them.