tel: 01993 852222
email: info@j-mharrison.co.uk

transferring equity

what it is

Transfer of equity is when the ownership of property changes without a sale. It happens when, for instance:

how I can help

I will use my long experience to help the transaction to a swift, satisfactory and economical conclusion.

my fees

My fees depend on whether or not the property concerned is mortgaged:

  my fee VAT @ 17½% total £
Without mortgage 250.00 43.75 293.75
With mortgage 400.00 70.00 470.00

For all purchases – including transfers of equity – the government now requires the buyer to submit a detailed 6-page Stamp Duty Land Tax form. If you wish, I can complete this form for an additional £40.00 (£47.00 inc. VAT).

In addition you can expect to pay Land Registry search fee and Land Registry registration fee:

The transaction could be liable to Land Tax in some circumstances, even though the transfer is not a purchase in the normal sense of the word; I will advise you about this once I know the circumstances.

Full details of all the amounts, and of the whole process, are in a letter that I will send if you contact me.

 

J M Harrison... your local solicitor, wherever you are

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