158
Edward Harte Llp
159
Top 10 of 566 law firms for Transferring Equity, Equity Law
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Transferring equity covers changing who owns a property, for example by adding or removing a party from the title, typically where there is a mortgage. A solicitor acts on the transfer of equity by drafting and reviewing the transfer deed, obtaining the lender’s consent if there is a mortgage, calculating any tax implications, and ensuring the new owner is registered at HM Land Registry. They coordinate with the client, the other owner(s), and the mortgage lender to ensure the title reflects the new ownership and that liabilities and rights are correctly allocated.
What a solicitor handles in these matters
The solicitor handles the formalities of the transfer of equity, including drafting the transfer instrument, reviewing mortgage requirements, addressing any beneficial ownership implications, and ensuring updated title insurance and tenancy rights are recorded. They deal with lenders, conveyancers, and the Land Registry to secure the correct legal ownership and to ensure any charges or restrictions remain in place and enforceable.
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