Transfer of Equity
What is a Transfer of Equity?
Transfer of equity is the process of changing legal ownership of a property to someone else. This can involve transferring a property from sole to joint ownership and adding someone to the property, or vice versa, in which case a person will be removed from the deeds.
You might decide to transfer the equity of a property because the house is being transferred between family members, the property is being gifted, you have recently got married or have divorced your spouse, or the registered owner of the house has died.
Regardless of the reasons for transferring equity, it can be a complex process that results in significant changes for all concerned, therefore it is in your interests to seek legal advice. The system of transferring equity often requires obtaining consent from the mortgage lender and in some cases may require the remortgaging of property alongside the transfer of deeds. There can also be stamp duty and tax implications to take into account.
At Rotheras we are well-versed in transfer of equity transactions and can take care of the whole process for you, including making the application to the current mortgage provider on your behalf to approve the transfer of equity.
Why use Rotheras for Transfer of Equity?
We have a network of five offices operating across Nottingham.
You will be designated a team member and given their direct phone number and email address.
We will keep you updated on progress at all stages of your matter and let you know about any communication with third parties such as mortgage lenders or where any third party disbursements such as stamp duty are payable.
We can also assist with remortgaging the property where required.
Once the transfer of equity is complete we will make an application to the Land Registry to register the new ownership of the property on your behalf.
We can advise you on Stamp Duty.
We can also draw on the experience of our Wills, Probate and Trusts and Family Law teams where needed to provide you will a comprehensive service that addresses all of your queries, including advice on inheritance tax and capital gains tax.
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Head of Conveyancing
"Impressive group with expertise in both matrimonial finance cases and children matters. A strong childcare team handles cases involving physical and emotional abuse, as well as fatalities. Well versed in matters with international aspects, Hague Convention cases, as well as adoption and guardianship issues.
Chambers UK, 2018
Anton Balkitis frequently represents the operators of both goods and passenger vehicles in court proceedings. Clients remark: "He has a commercial understanding of real-life issues and will always provide a balanced view
Chambers UK, 2019
Impressive group with expertise in both matrimonial finance cases and children matters. A strong childcare team handles cases involving physical and emotional abuse, as well as fatalities. Well versed in matters with international aspects, Hague Convention cases, as well as adoption and guardianship issues.
Chambers UK, 2018
Chris Powell at Rotheras was recommended to us by a trusted associate within the Transport Industry; without doubt we wouldn’t have had the excellent outcome we did without his and his team’s involvement. The level of professionalism, expert advice and assistance was faultless; we felt reassured and well informed throughout the whole process. It was a pleasure to do business with him and would highly recommend his services!
Julian Brindley - John Brindley Ltd
The team at Rotheras, and Mr Powell in particular, have provided us with an outstanding service. We are extremely grateful for the help and support they gave us in dealing with issues relating to our transport operations and our goods vehicle operators licence. Mr Powell was professional, knowledgable, efficient and effective. He quickly understood our business and the problem we had. He responded with sensible advice and acted quickly on our behalf to resolve the matter. I cannot thank him enough for his help and I would recommend Mr Powell, and the Rotheras team, without hesitation. I am extremely grateful for the help they gave us.
Richard Hitchcock - Hitchcock & King
I would highly recommend James Briggs, solicitor at Rotheras. He has been extremely helpful, patient and thorough whilst helping me with affairs following the death of my husband. Even during lockdown (covid) he maintained communication and kept me informed of what was happening. He successfully achieved the outcome I needed and I would not hesitate to recommend him.
We are in the middle of launching our own packaging agency and contacted Rotheras for some professional legal advice with regards to contracts. After an initial call with Billy, he made it clear what we needed and asked plenty of questions to understand what it was we needed. He was very responsive to our questions, whether it be over the phone or via emails and made the process really simple. We had little experience in this area so it was fantastic to work with Billy, who explained everything concisely. We were also really pleased with the quick turnaround and great value offered. Would thoroughly recommend working with Rotheras.
Tom Burden, Director of Rightbox Ltd
Billy understood our requirement from the get go and really nailed down on what we needed in our commercial agency agreement. Billy kept us informed every step of the way and showed great professionalism. We would recommend his services to any start-up business who is in need of legal advice and guidance with commercial contracts.
Axl Barber, Sales Director of Rightbox Ltd
I was extremely pleased with the service that Kerry provided in order to sell my mothers house. Good, prompt communication and all questions dealt with or answered as requested. Consequently I would recommend yours services to others.
Anton has substantial experience acting for commercial goods hauliers and other transport operators. He advises on a range of contentious issues including operator licence, maintenance and tachograph matters, with a wealth of experience acting in public inquiries before Traffic Commissioners."Anton is a highly informed and personable lawyer.
Chambers UK, 2020
Chris Powell focuses his practice on road transport issues, regularly representing haulage, transport and logistics companies. He has considerable experience in regulatory matters involving operator licences and compliance failings, as well as more serious criminal investigations relating to fraud.
Chambers UK, 2020
Dear Sally, I can’t thank you enough for today! You took the pressure off me and I felt so looked after and understood everything that was happening. Thank you so much!
Michelle Young is a residential property specialist and heads up the residential property team at Nottingham-based law firm Rotheras Solicitors.
Lucy Pettitt has amassed over 12 years of experience in all aspects of Conveyancing.
Emily Weston is as a Senior Associate Solicitor in the Residential Conveyancing team and is based primarily at our Beeston office.
Laura Smith is a Licensed Conveyancer in the residential property department at Rotheras Solicitors and is based at our Lace Market Office.
Kerry Brown is a residential property specialist at Nottingham-based law firm Rotheras Solicitors.
Jo Goddard has over 20 years experience specialising in all aspects of residential conveyancing and regularly acts for clients on sales, purchases, remortgages and transfers of equity and is part of one of the largest conveyancing teams across the East Midlands.
Kerry Redfern is a residential property specialist at Nottingham-based law firm Rotheras Solicitors.
Joanne Derbyshire is a Trainee Solicitor in the conveyancing department and is based at our Beeston office.
Sally is our first point of contact for any new conveyancing enquiries that come in to the department and provides a bespoke quoting service for prospective clients, estate agents and other referrers of work.
Penelope Baird is a Paralegal in Rotheras residential conveyancing department and is based at our Beeston office.
Vicki Ettles is a Paralegal in the residential conveyancing department at Rotheras and is based at our Lace Market office.
Brett James is a Conveyancing and Wills and Probate Paralegal at Rotheras Solicitors and is based at our Lace Market office.
Emily Kevan is a residential property and commercial property paralegal at Rotheras. She is based at our Lace Market office in the heart of Nottingham city centre.
Sara Lockton is a Paralegal in the residential conveyancing department at Rotheras and is based at our West Bridgford office.
Grace Millward is a Paralegal in Rotheras Residential Conveyancing department and is based at the Beeston office.
Hollie Moore is a Senior Paralegal in the Conveyancing department.
Ellie Robinson is a Senior Paralegal in the residential conveyancing department at Rotheras and is based at our West Bridgford office.
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