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Latest Equity Matters News and Opinion from The Law Superstore
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.
Changing the name on the deeds - do I need a transfer of equity?
If you’re looking to remove or add a name to the deeds of your property, or ‘buy out’ an ex-partner, you’ll need a transfer of equity. Here are a few different reasons you might need a transfer of equity, how you can go about getting the process started, and what you need to do.
What is equity release and how does it work?
Equity release is the ability to free up the equity from your property, whilst you continue to live in it. For many people, their property is their biggest asset, but all their savings are tied up in it. Equity release allows you to withdraw either a lump sum or a monthly amount from the value of your property, in a similar way to a mortgage.