Our Transfer of Equity & Remortgage Services
A remortgage and transfer of equity transaction can take place for any number of reasons, so it’s important to seek advice from solicitors who can assist no matter what your circumstances may be. Our services include:
- Transferring equity for asset planning
- Transfer of property due to matrimonial or family proceedings
- Remortgaging to raise capital
- Change of lenders
Regardless of if you’re looking to add a new name to your property or manage your estate for tax purposes, our team is perfectly placed to assist.
Want to Know More About Our Transfer of Equity and Remortgage Services?
Proactive Transfer of Equity Support
When you decide to carry out a remortgage or transfer of equity, you’ll want to make sure the process is carried out as quickly as possible. Given that lenders will often impose strict deadlines on providing the necessary information, any form of delay could prove costly. As a result, you need to work with solicitors who are able to act promptly and efficiently to bring about your desired outcome.
The residential property team at Thursfields has the skills and experience to guide you to a prompt resolution, while keeping you informed throughout the process. We’ll use our expertise to highlight potential pitfalls along the way, taking a proactive approach to problem solving that generates results on time and on budget.
Transfer of Equity & Remortgage Solicitors
Experienced in all manner of remortgage and transfer of equity situations, our team can assist with your query and help you reach your goals.
Director & Head of Residential Property
Karen has many years experience in all areas of residential conveyancing, having gained experience in both private practice and in-house with a national developer.
She leads the team to provide clients with the highest standards of service, ensuring they are guided throughout the process and achieve a resolution that is in line with their goals.
GET IN TOUCH
Want to know more about our transfer of equity and remortgage services? Contact our team today.
Transfer of Equity Advice
Built Around You
There are many reasons why a transfer of equity or remortgage may be necessary. Perhaps you’ve recently been divorced, need to raise capital, or would like to gift a property to a third party. Whatever your motivations, there is one thing that will always remain constant; your desire for the process to go through as smoothly as possible.
Because we’re adept at handling all manner of remortgage and transfer of equity situations, the team at Thursfields is perfectly placed to assist. We’ll work with you to understand your circumstances and what you want to achieve, before using our extensive experience to recommend what we believe is the best strategy for you.
Helping You Plan Your Future
If you’re contemplating a transfer of equity as the result of a marriage or divorce, it’s likely that you may need to amend other areas such as wills, wealth planning, and power of attorneys. That’s why Thursfields offers a comprehensive range of Private Client services to help you take care of everything.
Frequently Asked Questions
A transfer of equity occurs when an individual is added or removed to the title deeds of a property (or land), thereby changing its ownership. It is most commonly used following a marriage or divorce, but can also be carried out to gift the property to a third party — usually as part of an estate planning strategy.
Remortgaging involves taking out a new mortgage on a property you already own. This can either be carried out to replace your existing one with a new deal (for example, when a fixed-term mortgage expires), or to borrow money against the value of your home and receive a cash injection should you need it.
To complete the transfer of equity process, you’ll need to ensure you have all relevant documentation such as title deeds, and have prepared the required transfer forms. Any third parties should be notified before you sign the transfer documents and update the Land Registry. A solicitor can help with all of this.
Step one of the remortgage process is to shop around and find the right deal. You can then contact the lender and make your application. You’ll then need to complete a number of forms before checks are made to ensure you can keep up with your repayments. Using a specialist remortgage solicitor can help you manage all your requirements.
If you’re remortgaging with the same provider, it will normally not be required to instruct a solicitor. However, it is always a good idea to check with your lender beforehand. If you are changing your lender or taking out a new mortgage, a solicitor will be required to facilitate the process.
For transfer of equity and remortgage advice that’s designed to deliver your desired results, get in touch with our team today.