Transferring Property Equity

Residential Property Solicitors at HS Legal Solicitors can help you with transferring property equity. Call us on 01206500181 or contact us online.

We can assist with transferring of equity if a property needs to be transferred into another name in accordance with a divorce settlement or if you just need to for another reason.



Equity is the value of your property less the unpaid sum of your mortgage. For example, if you own a home costing £300,000 and you have a remaining mortgage of £80,000, you have £220,000 equity.

What is the transfer of equity?

A transfer of equity is a transaction where legal ownership of a property changes hands but at least one of the original owners remains on the title. For example, where a couple transfers it into the sole name of one or other of them or a person is added to the title.

It is generally much more straightforward than a sale or purchase as usually there will be no searches or enquiries, since the parties involved will have prior knowledge of the property, so there is no need for a contract.

How long does a transfer of equity take?

How Long Does A Transfer Of Equity Take? Straightforward transfers take about 4-6 weeks, but every transaction is different and each can take a different amount of time. The process will take longer if you have a mortgage.


Where There is a Mortgage

If there is a mortgage registered over the property, you will need to apply to your current lender to approve a “transfer of equity” application. Once the application has been approved, and we have instructions from your lender, we can draft the transfer deed, which affects the transfer of the property. We will then send this to you for signature.

Stamp Duty Land Tax

It’s important to note that stamp duty land tax is sometimes payable on the transfer of equity transactions. Ask us about this, one of our property Lawyers will be able to advise you. Once the transfer deed has been executed by all parties, we will obtain any additional funds from you and/or your lender and proceed to the completion stage.

Once completion has taken place, we will apply to the Land Registry to register the new ownership of the property. Once the Land Registry has completed the registration, we will provide you with a copy of the title deeds and return any original documents to your lender for retention.

Call our Residential Property Solicitors on 01206500181