PROPERTY LAW - HELP FOR YOU
WHAT IS A TRANSFER OF EQUITY?
This is where you want to change the ownership of a property. For example, you might want to add your partner to the ownership of a property, or remove them. You might simply want to alter the ratio of ownership - perhaps from 75:25 to 50:50.
It is usually a straightforward process once it begins. It is important to first make sure that you have gained any permissions needed - for example your mortgage company will likely need to consent to the transfer, and might require that a new mortgage be issued to reflect the new ownership structure of the property.
Our lead property solicitor is Peter Skinner, ably assisted by Josh White and Suzanne Blessington.
It is usually a straightforward process once it begins. It is important to first make sure that you have gained any permissions needed - for example your mortgage company will likely need to consent to the transfer, and might require that a new mortgage be issued to reflect the new ownership structure of the property.
Our lead property solicitor is Peter Skinner, ably assisted by Josh White and Suzanne Blessington.
OUR FEES
| TRANSFER OF EQUITY VALUE | OUR FEES |
| £0 - £100,000 settlement sum | £375 plus £75 VAT & disbursements |
| £100,001 - £300,000 | £400 plus £80 VAT & disbursements |
| £300,001 - £400,000 | £450 plus £90 VAT & disbursements |
| £400,001 - £500,000 | £525 plus £105 VAT & disbursements |
| Over £500,001 | £650 plus £130 VAT & disbursements |
| If done in addition to a remortgage | £200 plus £40 VAT |
A transfer at Undervalue Policy may be demanded by your mortgage provider, at an
additional cost of approximately £150. This will not always be needed & we will advise
as soon as it is possible to do so.
Shared Ownership
Where the transaction is classed as a shared ownership then we charge £175 + £35 VAT in addition to our usual costs and disbursements.
Leasehold Enquiries
Where we are involved in complex investigations with the Landlord or Management Company then we must make an unavoidable additional charge of £300 + £60 VAT to deal
with such enquiries.
New Build Properties
We charge £150 + £30 VAT in addition to our usual costs and disbursements for dealing with these matters.
NEED MORE ADVICE?
Call one of our experts on
0151 363 3977
