Transfer of Equity
A Transfer of Equity is when someone’s name is either added to the ownership of a property or someone’s name is removed.
For example, if a property is held in the joint names of two people and one person wishes to buy out the other or is given the other person’s interest to enable them to hold the property in their sole name. However, transfers of equity are not always straightforward, particularly when mortgages are involved. We can help you deal with your existing mortgage company to obtain their agreement to the transfer or act for you if you wish to obtain a fresh mortgage in your sole name.