Transfer of equity
Changing the names on a property’s title can seem daunting, but it doesn’t have to be. A transfer of equity allows you to add or remove owners without selling the property, making it the ideal solution for life changes such as marriage, divorce, inheritance, or adjusting joint ownership arrangements.
At Owen White Catlin, our experienced property solicitors guide you through every step, ensuring you understand the legal process, implications, and any financial considerations. We aim to make the process straightforward, transparent, and stress-free.
Talk to our property solicitors today
Our property team has extensive experience in managing transfers of equity, working closely with lenders, mortgage brokers, and clients to ensure a smooth process. We provide:
- Expert legal guidance tailored to your situation
- Assistance with all required documentation and registrations
- Advising on with mortgage lender requirements
- Assisting with any Stamp Duty Land Tax payments that may arise
Contact us today via our simple online enquiry form or call us directly on one of our office numbers. One of our dedicated property solicitors will be happy to help.
Common questions about transfer of equity
A transfer of equity is the legal process that changes the names on a property’s title. This can involve:
- Adding a spouse, civil partner, or family member to the ownership
- Removing someone following a separation, divorce, or other life event
- Adjusting ownership percentages between co-owners
- Tax efficiency when transferring equity to children or other family members as a gift
Unlike a property sale, a transfer of equity does not involve selling the home to an unrelated third party. Often, the property remains in the family, with one existing owner remaining on the title when updated.
Life circumstances can lead to changes in property ownership. Common reasons include:
- Marriage or civil partnership: adding your partner to your property title
- Divorce or separation: removing a former partner from ownership
- Inheritance or gifts: transferring ownership to children or other family members
- Financial arrangements: changing shares to reflect joint investment or mortgage responsibilities
Whatever the reason, it’s important to handle the transfer correctly to protect your legal and financial interests.
Yes. Legal advice is essential to ensure the transfer is valid and protects all parties. Your solicitor will prepare the documentation, liaise with lenders, and register the change with the Land Registry.
Often, yes. If you have an existing mortgage, your lender must approve the transfer of equity. In some cases, this may require remortgaging the property.
Transfers of equity can have tax consequences, such as Capital Gains Tax, Stamp Duty Land Tax or Inheritance Tax. You should seek professional advice to check whether there are tax implications specific to your circumstances.