Transfer of Equity Solicitors

The process of transferring equity to someone else is relatively straightforward, however, it is a legal transaction and so seeking advice from a specialist conveyancing solicitor is vital.

What is a transfer of equity?

A transfer of equity is the legal process of adding or removing a person from the ownership (title deeds) of a property. It could be that you are creating a co-owner, removing a name or transferring the ownership entirely.

There are various life events which may result in the want or need to transfer equity. The most common is where a couple are separating and one partner wants to stay in the home, meaning the ownership needs to be transferred to them. Another popular reason for transferring equity is where the home owners want to give ownership or part ownership to their grown-up child.

Blog | How does transfer of equity work?

Our transfer of equity expertise

Our expert property solicitors can provide all the legal advice you need if you want to make changes to the ownership of a property. We will guide you through the process and carry out the work necessary to amend the title deeds and liaise with your mortgage lender and other parties to approve the transfer.

Our solicitors offer fixed-fee rates for the transfer of equity. Click here for details on our pricing, or get a free, no-obligation quote here.

What is the process for transferring equity?

Legally transferring ownership from one party to another involves adding or removing a name from the title deeds. A specialist conveyancing solicitor will need to do this as it involves checking the current title deeds, preparing the relevant legal documents and ensuring that all parties, including your mortgage lender and the Land Registry, agree. In some cases, you will also need to pay Stamp Duty Land Tax (SDLT).

The process starts with the solicitor of the person staying in the property preparing a Transfer Deed to reflect the parties’ wishes. This is then sent to the person who is being removed to approve and sign. Once all parties agree and sign the Deed and all relevant mortgage lender requirements (if applicable) have been met, a completion date can be set. On completion, any consideration (money changing hands will be paid over) and stamp duty will be paid, and a Stamp Duty Land Tax return will be filed with HMRC.

Your solicitor then files the signed Transfer Deed and sends it to the Land Registry, subject to all the relevant checks being carried out.

How long does it take to transfer equity?

The length of time depends on how long it takes for your mortgage lender to assess eligibility (if there is no mortgage, the process will be quicker). The process also depends on both parties agreeing and signing the Transfer Deed promptly. We give a an estimate of six to eight weeks for a standard transfer of equity, however, this can vary depending on various factors and the level of complexity involved.

Contact our transfer of equity solicitors in Bristol and South Gloucestershire

We work with clients all over the UK from our offices spread across Bristol and the surrounding area in Bedminster, Bishopston, Bristol city centre, Kingswood and Thornbury.

To speak to our specialist solicitors about a transfer of equity, or any other conveyancing matter, call us on 0117 325 2929. Alternatively, get an instant quote free of charge by using our online conveyancing calculator.

    Close

    How can we help you?


    We’re here to help. Please fill in the form and we’ll get back to you as soon as we can. Or call us on 0117 325 2929.






    • "My family and I would like to thank Farah and her colleagues for all they have done for us regarding my mum’s estate."
      AnonResidential Conveyancing Client
    • "I wanted to take a moment to express my sincere gratitude for the exceptional service you and your team provided during my recent home purchase. Your professionalism truly made a difference.

      From the initial consultation to the final paperwork, you guided me through the process with expertise and care. Your prompt responses to my queries and thorough explanations ensured a smooth transaction. I am immensely grateful for your support.

      Your commitment to excellence reflects positively on your firm, and I feel fortunate to have you as my solicitor."
      UdayResidential Conveyancing Client
    • "I have recently completed the sale of my late father’s house and found the process was very straightforward, and made easy by the efficient Kingswood Conveyancing team. Kim Pratt and Abigail Bratchel always managed to give clear and easy-to-follow advice and I had confidence in their due diligence throughout the process.

      I would recommend Barcan+Kirby’s Conveyancing team without any reservation and we will be using their services again in the future."
      RosResidential Conveyancing Client
    • I just wanted to say many thanks for all you have done. You have made the process painless for me over the last four months or so.
      AndyResidential Conveyancing Client
    • My grateful thanks to you all, especially Farah and Catherine for handling the sale. You have all acted very professionally throughout.
      BrettResidential Conveyancing Client