Equity Transfer

In these cases we cannot act for both parties.

 Where you have a mortgage on the property normally the party transferring their interest in the property will require releasing from the mortgage conditions and debt. There are three ways of doing this:

• discharging the existing mortgage from monies from your own resources
• obtaining consent from your current lender to transfer the property and making application for a further advance where required for the “buy out”
• by re-mortgaging your property and  borrowing sufficient funds to discharge the existing mortgage and any surplus required for the “buy out”.

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For further information

For further information on equity transfer, please see our factsheets below.

SPECIAL CIRCUMSTANCES – Transfer of Equity
A guide to considerations for transfer of equity

 Click here for more factsheets