Transfer the ownership of a property by adding or removing a family member or friend from the title. Legal documents must be signed and other costs such as stamp duty often need to be taken into account. Find and compare legal experts now.Compare now
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If you are altering title deeds to add or remove a partner, spouse or child, it is important to consult with a legal professional to ensure a smooth transition. Here is some basic advice and guidance to help inform your choice of legal expert.
Equity transfer refers to the process of adding or removing named individuals from the title register of a property.
Transfer of equity usually takes place between partners and family members. When the joint owners of a property separate they often agree to transfer the property into the sole name of one of the owners. On the other hand, a person who solely owns a property may wish to transfer the property into joint names. Transfers of equity may also take place as part of tax planning arrangements.
An experienced legal service provider has the professional knowledge and expertise to offer advice on the specific terms of the transfer of equity and to ensure that the legal matters are dealt with correctly.
An experienced solicitor or conveyancer may typically offer their legal services on a fixed fee basis. This enables you to gain a clear picture of the costs involved from the start of the process. Prices may vary depending on the complexity of your affairs, where you live in the country and the type of legal service provider you choose.
It is worth considering a number of factors when choosing a legal expert to assist with equity transfer. You may wish to consider factors such as the location, reputation and cost of a firm before making your decision.
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