• Transfer Of Ownership

    By Guest on 27th Feb 2017

    Hello, I am considering buying into my partners property. It is owned by 3 people and I would be buying out 2 so that I own half. Once a price is agreed what would my next step be. I would like a letter to hold this agreement due to some works needed on the property befor I move in. I will also be selling my own property to purchase with so the money is not available yet.

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    By Guest on 27/02/2017

    The transaction is called a transfer of equity. Ordinarily there wouldn't be a contract but there can be, which would be a good way to secure the deal whilst the works you mention were done, i.e. you would exchange with completion, say, 10 working days from completion of the work. You should not exchange until you have all the funds in place however

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