Remortgage
And
Transfer of
Equity

With tight deadlines and potentially serious implications, remortgage and transfer of equity transactions can often be challenging to navigate. Proactive and bespoke legal advice is essential to ensuring a smooth outcome and keeping you in control at all times. This is exactly what Thursfields provides.

Remortgage and Transfer of Equity Solicitors

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. 

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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 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, your lawyer will draft the transfer form and ensure they are tailored to your situation and cover the details of your transaction.  If you have a mortgage on your property your lender will need to be a party to the transfer or they may issue a new mortgage offer to you. Your lawyer will liaise with the your mortgage lender, and any relevant third parties, before completing registration of the transfer with the Land Registry.

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.

Contact Our

Team

For transfer of equity and remortgage advice that’s designed to deliver your desired results, get in touch with our team today.

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