Transfer of equity in Cardiff

Property Law Online completes transfers of equity across Cardiff in three to six weeks: the deed itself is short, but lender consent and the Land Transaction Tax position on any mortgage debt assumed need handling properly.

A transfer of equity looks like one form and rarely is. If a mortgage remains on the property, the lender must consent and will assess the remaining owner's affordability. Taking on a share of mortgage debt can also trigger Land Transaction Tax, even where no money changes hands.

We also advise on how the property should be held afterwards, joint tenants or tenants in common, because getting that wrong is one of the most common causes of family disputes that surface years later.