By Lawyers Transfer of Equity guide now available

The Transfer of Equity guide is now live. In the ever-evolving property market, transferring equity remains a key process for homeowners looking to make changes to property ownership. Whether it is adding a spouse to the title, removing a former partner, or restructuring ownership for financial planning, understanding the ins and outs of equity transfer is essential.

This guide provides commentary to guide practitioners through the practical steps involved in advising clients on the transfer of their share in a property, including:

• drafting the required documents;
• guidance on potential conflict of interest issues;
• tax implications;
• lenders’ requirements;
• where applicable, landlords' consent and leasehold requirements.

The guide also provides key precedents, including letters, documents and templates for advising clients in respect of the transfer of equity transaction and bringing it to a successful completion.

The Transfer of Equity guide is available in the Conveyancing publication.