Transfer of equity in Manchester

We handle transfers of equity on property in Manchester: adding or removing an owner on marriage, separation, gift or family arrangement, including lender consent, the tax position and registration at HM Land Registry.

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 Stamp Duty Land 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.