• Transfer Of Equity

    By Guest on 10th Jun 2019

    I own 50% of a right to buy property with my Father.
    There is 2 and a half years till our joint mortgage is up and we own the property outright.
    I want to take me name off of the deed and have it solely in my Dad's name however to avoid stamp duty on my next purchase and get better mortgage rates on my next property.
    Can I do this legally and with minimal fees? i.e. no tax implications of hefty costs

  • 1 Answers

    By Guest on 11/06/2019

    I cannot comment on the tax aspect but in terms of transferring it to your father's name you would need the consent of the lender as it is subject to mortgage. First step therefore is to approach the lender to request consent. Once you have consent, approach a law firm such as Notary Express on 03333 122 221 to carry out the transfer.

    www.notaryexpress.co.uk

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