Whether you're a layman looking to understand your own transaction or a lawyer needing assistance with a client's conveyancing our step by step sale and purchase guides will lead you through the process while our mini guides will break the whole thing into manageable chunks and give a deep insight into the key issues and stages. Leasehold, freehold, unregistered, registered – we've got it all covered.
Need help with a remortgage or transfer of equity / deed of gift? Our guides will walk you through the process and highlight some of the common pitfalls. Mortgages and transfers can be very simple procedures but complex issues can sometimes arise and mistakes are easily made. These guides will help you deal with them.
So you want to have a go at your own conveyancing? First you should read about the risks, then if you're still happy to proceed, our guides will take you through each stage of the process telling you what to look out for and helping you avoid falling into expensive traps. Our subscription service will give you access to all of the documents you should need for your conveyancing and we can even supply you with the Land Registry Official Copies you'll need. Our general guides will cover all the obstacles you are likely to face and offer a practical solution. Have a look at our sale and purchase guides too.
A big part of the conveyancing process is the conveyancing searches. This section tells you all about them. What they are, how and when to order them and how to interpret the results. Each search has its own guide and you'll see they are separated into Standard (should be done in every case), Regional (area specific) and Optional (not essential but often useful tools for the would be purchaser). All buyers should beware that when you buy a property, the law assumes that you have seen the information that would have been revealed by searches whether or not you have actually carried them out, so you buy the property subject to the results.
Using a conveyancer to handle your conveyancing will greatly reduce the risk to you and sometimes, particularly if you are taking out a new mortgage, you will have no choice but to instruct a conveyancer. The good news is it doesn't have to break the bank. Get a free, instant quote here. We can also help with quick easy quotes for other moving related services.
Are you looking for the documents you'll need for your conveyancing transaction? Or official copies of the title or other documents from Land Registry. We can help you. Follow the links below.
Transfer of equity is the term used to describe a change of ownership where at least one of the original owners remains on the legal title after the transfer of equity is completed. It will typically be done where a couple who own a property jointly separate (a 2 – 1 transfer of equity) or when a couple get together, perhaps when they get married and a property is transferred from one of the couple's sole names into both names (a 1 – 2 transfer of equity). Provided the transfer leaves at least one legal owner and not more than 4, there can be as many parties involved in a transfer of equity as the situation requires. For example, ex husband could be taken off the title and replaced by the new husband – a 2 – 2 transfer of equity.
A gift, is, as the name suggests, a transfer which involves property changing hands with no money or money's worth being paid to the outgoing owner. This would include a transfer of equity where the person who parts with his interest (or part of his interest) receives no payment.
We offer a transfer of equity kit provides a comprehensive, step by step guide to carrying out the transfer. It either contains or directs the reader to all of the forms that should be required for a standard transfer of equity transaction. The kit is free to subscribers. Before proceeding to use it however please read the rest of this page to ensure that it is right for you.
You can access the DIY transfer of kit here just click on the link and follow the on screen instructions.
Or if you would prefer a specialist conveyancer to do the work on your behalf, please feel free to use our Transfer of Equity Quote request system, it is quick, free and simple with no obligation.
A transfer of equity is a fairly simple transaction and provided it does not involve the taking of a new mortgage or secured loan and there is no existing mortgage or secured loan on the property which will not be removed then it is usually possible to proceed without professional legal advice. The table below sets out some of the more common types of transaction and indicates whether this pack is appropriate
Please note that where there is any kind of dispute between the parties DIY conveyancing is not appropriate and professional advice should always be sought:
|Common Transaction Types||Can our kit be used?|
|Transfers when people are added to the title (i.e. they become joint owners) and when no money changes hands which are not subject to a new mortgage or secured loan or to a mortgage or secured loan that will not be repaid||YES|
|Transfers when people are added to the title (i.e. they become joint owners) and when £40,000 or less changes hands which are not subject to a new mortgage or secured loan or to an existing one that will not be repaid||YES|
|Transfers when people are removed from the title (i.e. they cease to be joint owners) and when no money changes hands which are not subject to a new mortgage or secured loan or to a mortgage or secured loan that will not be repaid||YES|
|Transfers when people are removed from the title (i.e. they cease to be joint owners) and when £40,000 or less changes hands (the transaction must not involve a new mortgage or secured loan or be subject to any mortgage or secured loan that will not be repaid)||YES|
|Transfers of any type that involve the taking of a new mortgage or secured loan||NO|
|Transfers of properties which have mortgages or loans secured on them which will not be repaid as part of the transaction||NO|
|Transfers where the property is being given to somebody as a gift||YES|
|Transfer involving the repayment of an existing mortgage or secured loan where no new mortgage or secured loan is taken out||YES|
|Transfers of property to the beneficiary under a will or intestacy (Assents)||NO|
|Purchases (including cash purchases)||NO|
|Transfers of unregistered land||NO|
Obviously each firm sets its own fee scales buy typically you could expect a solicitor to charge around £125 - £150 plus VAT. There will also be disbursements, such as a copy of the register of title and the Land Registry's fee for dealing with the application to register the transfer, but these will need to be paid just the same if you do the transfer of equity yourself.
Where the transfer involves taking someone off the title, a solicitor can only act for one party (i.e. the incoming and remaining owner(s) or the outgoing owner(s)). Whilst it is usually ok for just the incoming and remaining owners to be represented, if the outgoing owner chooses to employ a solicitor there will of course be additional costs.
Get a Transfer of Equity Quote from a range of conveyancing professionals now.
Our DIY transfer of equity kit contains (or directs you to) all the forms you will need and includes comprehensive step by step guides to take you through the entire process. This is the list of contents:
Successfully completing a transfer of equity transaction can be rewarding, both financially in terms of the legal fees saved and also in terms of the sense of achievement, however there are also risks involved.
You should note that the purpose of the transfer of equity kit is to provide you with the tools to carry your own transfer of equity conveyancing. You will not be professionally represented and as a result you will be solely responsible for any loss suffered as a result of the transaction. Free Conveyancing Advice accepts no liability for any loss. Please refer to the disclaimer at the foot of this page.
You should only proceed if you are fully confident to do so. Instructing a lawyer protects from any such loss in that the the lawyer will be obliged to compensate you for any loss suffered as a result of his negligence.
If you would like to access the DIY transfer of kit just click on this link and follow the on screen instructions.