Release funds
The transfer of equity process makes changes to the legal ownership of a property, outside of the normal sale and purchase transaction. There are a number of reasons why this might be necessary, and each of them presents its own complications. This is why the right legal advice and guidance is vital in all cases.
When we talk about equity in reference to property, we mean the overall value, outside of any mortgages or loans secured upon it. That being the case, a transfer of equity may be sought in circumstances including:
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A change of co-habitation – separation, divorce, marriage, civil partnership, or shared ownership
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Court order
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The formation of a trust
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Tax planning – to manage potential inheritance implications
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Gifting property
At Scotts Hall & Birtles Solicitors, our highly experienced Conveyancing team is able to provide expert advice and guidance, tailored to your specific situation. Our solicitors will manage the process with the utmost sensitivity and discretion, dealing with the Land Registry, your mortgage lender, and all other parties involved. Our goal is always to make the process as smooth and stress-free as possible for our clients.
As a local law firm, we have over 180 years of experience in assisting clients across North Yorkshire and the surrounding regions. In engaging our services, you can rest assured that our advice and guidance is based in expert knowledge, and deep, historical ties to the area.
To learn more about how we can help with your transfer of equity, please contact our team today.
