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Transfer of Equity – How to Change the Ownership of Your Property

What we need to do to amend ownership of your property

This is commonly known as Transfer of Equity e.g. the registered owners of the property are A and B. However B wants to remove his/her name from the registered title or C wants to be added to the title with A and B.

Our property solicitors in Leicester can assist with Transfers of Equity or changing names on the property’s deeds.

Step 1

Receive your signed Terms of Business, Proof of Identity, Factsheet and your monies on account.

Step 2

We will obtain a copy of the title for the property from the Land Registry and contact any existing mortgage lenders, if applicable, whether this is to redeem the current mortgage or to ask for your current lenders consent for the change of ownership.

Step 3

We will prepare a Transfer document and will send a copy of the Transfer to any other party who is involved in the Transfer, advising them to take independent legal advice before signing the Transfer.

Step 4

Once the Transfer is approved we will arrange for yourself to sign the Transfer and a Stamp Duty form if needed.

If required, we will then send the Transfer to your mortgage lender for them to sign

Step 5

Once we are in receipt of the signed Transfer Deeds we will be in a position to discuss a completion date

Step 6

Once we have completed your Transfer of Equity we will submit your Stamp Duty Land Tax form (if applicable) and apply to register your transfer with the Land Registry