Transfers of Legal Ownership

Also known as a transfer of equity and used in a variety of circumstances, talk to our team if you think you need advice.


What happens to my mortgage in a transfer of ownership? 

If you have a mortgage on the property, you will need to speak to your lender to get their approval to the Transfer. This approval  can be given in different ways, but it may entail taking out a new mortgage in the names of the new property owners.

What happens with the stamp duty in a transfer of ownership?

Some Transfers of Ownership attract Stamp Duty Land Tax. HMRC consider the ‘value’ of a Transfer of Ownership to be the total of any payment being made for the share of the property being transferred and 50% of any mortgage which is currently in place. 

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Meet the Transfers of Legal Ownership Team

Meet the Transfers of Legal Ownership Team