Transfer Of Equity

We use a Transfer of Equity in order to re-position ownership of houses so that customers are better able to make maximum use of the benefits of trusts in their Wills.

If your home is currently in your joint names, then we would use a Severance in order to convert you into Tenants in Common, but if the house is in just one name then a Severance doesn't work. Instead, the single owner needs to transfer (i.e. to give) a proportion, usually half, of the house to their spouse, which is known as a Transfer of Equity.

It is somewhat more complex than a Severance and can involve additional costs, particularly if your house is not yet registered with the Land Registry because a Transfer of Equity will trigger compulsory registration and the Land Registry charges a fee for that - typically £100-200, depending on the house value.

If a Transfer is necessary, then we charge £299 + Disbursements per property.