Transfer of Equity<\/h2>\nWhat is a Transfer of Equity?<\/h3>\n
\n The process of adding or removing someone from property ownership is known as a transfer of equity. A transfer of equity occurs when at least one of the original parties in the title keeps their share of the property, as opposed to an outright sale, which signifies a complete change in ownership.\n <\/p>\n
\n A transfer of equity may occur for a number of reasons, including:\n <\/p>\n
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- Removing someone\u2019s ownership following the end of a relationship<\/li>\n
- Buying out someone else\u2019s share in the property<\/li>\n
- Adding someone new to the ownership of a property<\/li>\n<\/ul>\n<\/div>\n<\/section>\n<\/div><\/div><\/div><\/div><\/div>
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<\/span><\/div><\/div><\/div>\n \nHow long will this take?<\/h3>\n
\n Much like with a conveyancing matter, a transfer of equity, on average, will take around 8\u201312 weeks. This timeframe can be quicker if there is no mortgage involved or could take longer if there are other factors such as issues with the lender or if the court is involved.\n <\/p>\n
Costs<\/h3>\n
\n We work through a Transfer of Equity on a case-by-case basis whereby we take all the facts into consideration and therefore we cannot provide a fixed fee. Please click below to receive a quote or
\n click here<\/a> to be taken to our costs page.\n <\/p>\n