There are several reasons why a property owner may buy another’s share, such as where a couple separates or a marriage comes to an end. The value of the share to be transferred will be the difference between the outstanding mortgage and the current value of your home. This is known as equity.

Instructing Solicitors is essential in a Transfer of Equity as this will ensure that the transfer is recognised in Law. This will make sure that the owner selling their share will be released from any commitments or future payments on the property.

If you require further information about Transfer of Equity, or to arrange an appointment, please contact us.