Transfers of Equity
Often, property is purchased or acquired in the name of one sole individual. It may be that at some stage, for estate planning purposes, tax reasons, marriage, and divorce or otherwise the property is needed to be transferred into different names. This often happens between married couples.
Woolsey Morris & Kennedy’s team can initially take your instructions as to what is you are wanting to achieve, provide you with advice as to the best course of action and then act on your behalf to complete the transaction, including updating the title at the Land Registry.
If the property in question is subject to a mortgage, the consent of the lender will need to be obtained and their requirements will need to be met. Depending on your personal circumstances you may need to consider your tax position which our team can advise you on.