Transfer of Equity
Need legal help for a transfer of equity?
Located in Evesham, Leitch & Co has over 30 years of experience in providing legal assistance related to properties and specialise in conveyancing. We serve clients across Worcestershire.
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Transfer of equity explained
This is the legal term used when co-owners transfer or sell their interest in the property to each other.
Leasehold flats
Consider independent legal advice
In these cases we advise clients that - although we can prepare the documents - each should consider independent advice before completion.
If the property has a mortgage ...
Where there is a mortgage on the property, it can either be transferred with the lender’s consent, or the mortgage can be repaid and replaced by a new mortgage.
It should not be assumed that stamp duty land tax will not apply. There are special rules accounting for when the property is transferred subject to a mortgage or where there is a replacement mortgage. You will need our specialist advice.
To find out more about transfer of equity transactions, speak to Leitch & Co on
01386 49227
13308/ 500308
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