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 seven 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.
This was my first experience using a solicitor, something I felt quite daunted about. Rotheras (Greg and Petra) put me at ease and were very helpful.
Last year I experienced a car accident, as a front seat passenger. I put forward a personal injury claim with Rotheras. From start to finish, my claim has been dealt with efficiently and professionally, and I have always felt my best interests were considered. All communications were made via letter or email to inform me of all further updates. My claim has now come to an end and I am very happy with the overall outcome. I would recommend Rotheras for their service.
We cannot recommend Chris Powell of Rotheras more highly. Mr Powell demonstrated the upmost professionalism with a high level of knowledge of the area for which he was representing us. Anyone needing representation/advice regarding the area of haulage will find that Chris Powell and Rotheras are the best choice.
Claim dealt with efficiently and to a satisfactory conclusion. Wayne Vickers visited me at home initially and explained everything thoroughly. Professional service throughout. Recommended
Antony Fyson is a Partner and heads up the Long Eaton branch Office of Rotheras Solicitors and offers clients a wealth of expertise in Commercial Property and Conveyancing matters.
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 an Associate Solicitor in the Residential Conveyancing team and is based primarily at our Beeston 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.
Jan Raszyk is a Conveyancer in Rotheras Residential Conveyancing department.
Kerry Redfern is a residential property specialist at Nottingham-based law firm Rotheras Solicitors.
Joanne Derbyshire is a Trainee Solicitor currently in the Conveyancing department.
Joshua Morley is a Trainee Solicitor currently in the Conveyancing department and is based in the Lace Market office.
Christina Peck is a trainee solicitor within Rotheras Residential Conveyancing department and is based at the firm’s Mapperley 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 Long Eaton office
Vicki Ettles is a Paralegal in the residential conveyancing department at Rotheras and is based at our Long Eaton 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 Paralegal in the Conveyancing department.
Holly is a paralegal who assists Head of Department Michelle Young and Kerry Brown at the West Bridgford office.
Fatal Accident Claims: Bristol Waterworks explosion
After a recent explosion at the Wessex waterplant premesis in Avonmouth, Bristol caused four fatalities, we look at the support and compensation available to those affected by the loss of a loved one to a fatal accident.
Posted on 12/10/2020
Kent Access Permit: A Quick Guide for Transport Companies
Brexit Customs Procedures: The Kent Access Permit is designed to reduce traffic congestion after the brexit transition period.
Posted on 12/08/2020