Transfer of Equity Solicitors
Expert Solicitors provide Independent Legal Advice for the Transfer of Equity & change the legal ownership of equity.
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- from £140*
- Same-day Appointments
- Online or In Person Consultations
- Fast Turnaround Time
- ILA Certificate Included
- Law Firms Approved by Most Lenders
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What is an Transfer of Equity ?
You may need an Occupier’s Consent Form if an adult who is not the legal owner of your property is living in your house and you choose to take out a mortgage on your property. This can cause problems for the mortgage lender in the event that you do not keep up with your mortgage payments, as an occupier can potentially obtain a legal interest in a property even though they are not a registered owner of it.
By signing your mortgage deeds you give an assurance to your bank that you will give them vacant possession of the property in the event that they need to repossess it. Your mortgage lender will be able to claim vacant possession of your property if all the adults who are living in your house sign their Occupiers Consent Form.
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Do I need A Solicitor for Transfer of Equity?
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In circumstances where Independent Legal Advice (ILA) is required, you will usually be agreeing to either take on some form of liability or waive some of your rights but without necessarily enjoying any direct personal benefit for doing so. It is therefore imperative that you fully understand the implications and seek appropriate professional guidance.
By providing the advice, our goal is to protect our clients from signing any document before understanding the risks of the transaction. Once the advice and paperwork has been given, our senior independent solicitors will sign an Independent Legal Advice Certificate confirming that they have provided the relevant advice, followed by their client’s signature.
What is the Process for Transfer of Equity?
In circumstances where Independent Legal Advice (ILA) is required, you will usually be agreeing to either take on some form of liability or waive some of your rights but without necessarily enjoying any direct personal benefit for doing so. It is therefore imperative that you fully understand the implications and seek appropriate professional guidance.
By providing the advice, our goal is to protect our clients from signing any document before understanding the risks of the transaction. Once the advice and paperwork has been given, our senior independent solicitors will sign an Independent Legal Advice Certificate confirming that they have provided the relevant advice, followed by their client’s signature.
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What Are the costs for a Transfer of Equity?
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In circumstances where Independent Legal Advice (ILA) is required, you will usually be agreeing to either take on some form of liability or waive some of your rights but without necessarily enjoying any direct personal benefit for doing so. It is therefore imperative that you fully understand the implications and seek appropriate professional guidance.
By providing the advice, our goal is to protect our clients from signing any document before understanding the risks of the transaction. Once the advice and paperwork has been given, our senior independent solicitors will sign an Independent Legal Advice Certificate confirming that they have provided the relevant advice, followed by their client’s signature.
Transfer of Equity Solicitor
In circumstances where Independent Legal Advice (ILA) is required, you will usually be agreeing to either take on some form of liability or waive some of your rights but without necessarily enjoying any direct personal benefit for doing so. It is therefore imperative that you fully understand the implications and seek appropriate professional guidance.
By providing the advice, our goal is to protect our clients from signing any document before understanding the risks of the transaction. Once the advice and paperwork has been given, our senior independent solicitors will sign an Independent Legal Advice Certificate confirming that they have provided the relevant advice, followed by their client’s signature.
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How it works
1.
Book free consultation
Choose a free consultation at a time that suits you. This will be booked directly with our trusted partner law firms.
2.
An approved panel solicitor will contact you at your preferred date and time to discuss your needs and requirements.
3.
We get to work to provide you with the required independent legal advice and aim to dispatch documents on the same day.