The conveyancing for equity transfers, where you need to change the legal ownership status of a property, can be complex. You may want to change the legal title of your property as a result of changes in your relationship status, such as marriage, divorce or re-marriage. Perhaps your financial advisor has suggested you reduce inheritance tax liabilities by transferring ownership to children or by altering the proportion of the property owned by different co-owners.
Trust our transfer of equity lawyers in York
Whatever your reason for transferring equity, the legal implications need to be clarified and understood before you proceed. That’s where the knowledge and expertise of our transfer of equity lawyers is invaluable. There may be tax implications and there may be stamp duty to pay, depending on the circumstances. If there is an outstanding mortgage on the property, it may be more cost-effective to remortgage.
Our property law specialists can advise you on all of these matters, and help you to make the right choices for your specific circumstances.
When marriages break down, the legal ownership of a property may need to be changed, or the property may need to be sold, possibly under the terms of a Consent Order. We can advise you on the best options and ensure all legal processes are completed quickly and efficiently.