Transfer of Equity Quotes
Maidenhead, Berkshire, SL6 7TL
When a property has two or more owners, sometimes circumstances occur when one of the owners needs to transfer part or all of their share of the property to one of the other owners. Similarly, there is sometimes a need for a new individual to take either a share or full ownership of a property.
These types of transactions are known as a transfer of equity. The equity in a property, owned by any individual, is the net value of their share of the property and is calculated after deduction of any outstanding mortgages or other loans that are legally secured on the property. A transfer of equity is the process under which a current property owner wishes to relinquish either a part or their whole stake in
a property and transfers ownership to someone else.
As part of an equity transf...
remortgage conveyancing equity transfer transfer equity conveyancing transfer of equity
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