Transferring equity in a house in the UK is a common legal process undertaken for various reasons. One primary reason is relationship changes, such as a divorce or separation, where one party wishes to transfer their share of the property to the other. This allows the remaining party to retain full ownership and control of the home. Similarly, if couples decide to marry or enter a civil partnership, they may want to add a partner’s name to the property title, sharing the ownership equally or according to a specified share.
Another common reason for transferring equity is estate planning and tax efficiency. Parents may transfer equity to their children as part of their inheritance planning, potentially reducing inheritance tax liabilities. Additionally, individuals might transfer equity to mitigate exposure to creditors or to comply with financial agreements, such as securing a loan where the lender requires the property to be in the borrower’s name. Lastly, transferring equity can also occur in business contexts, such as when a property is held by a company and needs to be transferred to reflect changes in business ownership or structure. Each of these scenarios requires careful legal and financial consideration to ensure compliance with UK law and to protect the interests of all parties involved.
| Price From | Price To | Legal Fees + VAT |
|---|---|---|
| £0 | £450,000 | £400 |
| £450,000 | £500,000 | £500 |
| £500,000 | £550,000 | £525 |
| £550,000 | £600,000 | £550 |
| £600,000 | £650,000 | £575 |
| £650,000 | £700,000 | £600 |
| £700,000 | £750,000 | £625 |
| £750,000 | £800,000 | £650 |
| £800,000 | £850,000 | £675 |
| £850,000 | £900,000 | £700 |
| £900,000 | £950,000 | £725 |
| £950,000 | £1,000,000 | £750 |
| Land Registry Search Fee | From £7 |
| Bankruptcy Search (Per Person) | £6 |
| Bank Transfer Fee +VAT | £25 |
| ID Checks (per person) | £2.64 |
VAT is charged where indicated at the current rate of 20%.
We always endeavour to be competitive and will always try to match any genuine quotes if possible.
For more information contact our office and speak with a member of our Conveyancing team on 0161 797 9222.
We would expect to complete your transaction within 8 to 10 weeks.
However, please be aware that conveyancing timetables are subject to a range of external factors and circumstances beyond our control, so this timescale is an estimate and can not be guaranteed.
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