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Transfer of Equity
A transfer of equity is when one or more joint owners of property or land transfers or sells their interest to another owner or owners of that property.
Residential property owners may wish to change the legal ownership/status (transfer equity) of a property for a number of reasons, some of which are listed below:
- Marriage: transfer of title of the matrimonial home into joint names.
- Divorce or separation: to transfer property ownership from joint names into one sole name.
- Tax planning: to transfer a share of the family home into the name of a child/family member.
- Adjustment of financial shares: to change a percentage in the property ownership.
Premier Solicitors can assist you in transferring equity and will provide expert legal advice and assistance from the very beginning to help take the stress out of the process and protect your finances.