Owning rather than renting property can often make financial sense, especially when sharing the cost with someone else, where there are all sorts of scenarios where a person might want to co-own a home or other type of property.

Alternatively, where a property is jointly owned, one person may want to either fully own it or remove themselves from the ownership entirely. A transfer of equity is the legal process used for making these changes, describing the procedure used to add or remove someone from the title deeds of a property.

In the context of the transfer of equity process, ‘equity’ is the legal term used to describe the proportion, percentage or amount of a property that is either owned or co-owned, in other words, the market value of the property, minus the outstanding sum of any mortgage.

However, where there is a mortgage involved when looking for a change in the co-ownership status of property or land, the process to transfer ownership can only proceed with the consent of the mortgage provider. This can often mean an added layer of complexity to an already technical legal procedure. Even where a property is owned outright, without the involvement of any third party mortgage provider, although the process is far more straightforward, it is still strongly advised to instruct a conveyancing solicitor to deal with the transfer of title and to ensure that the paperwork is in order.

What We Do For Our Clients

At Farnworth Rose Solicitors, our Conveyancers are experienced in helping clients with transfer of ownership matters. This could be, for example, where the transfer of equity goes from a couple to a single owner following the breakdown of a relationship, or where property has been jointly inherited and one party is looking to buy out the other owner(s). In the alternative, we have helped clients transfer a property from single ownership into two or more names, for example, where a couple are moving in together, or getting married or entering into a civil partnership, or where clients are gifting a property to relatives.

Our specialised team of Conveyancers have expertise in dealing with a whole host of ownership and title transfer issues, and in liaising with mortgage providers and other secured lenders to gain the necessary consent to the change of names on the title deeds.

How We Can Help You

If you are looking to transfer ownership, either because you would like to co-own an existing property with someone else or remove yourself from ownership of a property, in this way transferring your share to a new owner, we can provide you with the necessary advice and assistance about all aspects of the equity transfer tailored to your circumstances.

We will keep you fully informed at every stage of this process, from helping you to decide how best to approach a transfer of ownership issue to preparing the transfer deed documents and completing the necessary paperwork to be approved by Land Registry. By securing our expert assistance, we will help to make the equity of transfer process as streamlined and smooth as possible, with the best possible client-care from start to finish.

Meet The Team

Janet Lalor

Emma Moore

Helen Harkley

How You Can Contact Us

Transferring equity in a residential property, whether you're adding a partner to the title, removing a name following separation, or gifting property to a family member, is a significant legal step that requires expert support. At Farnworth Rose, we provide clear, practical guidance to ensure your transfer is completed correctly, swiftly, and with your best interests at heart.

Our Transfer of Equity Solicitors in Nelson, near Burnley, have extensive experience handling all types of equity transfers for homeowners across England and Wales. We’ll help you understand the legal, financial, and tax implications, liaising with mortgage lenders where necessary and ensuring the property’s title is updated accurately and efficiently.

With over 35 years of experience, our residential property conveyancing solicitors understand the real-life pressures and emotions that can accompany a transfer of equity. Whether your transfer is part of a family arrangement, cohabitation plan, separation, or remortgage, you can rely on us to handle your matter with care, clarity and legal precision.

As a full-service law firm of Solicitors in Burnley & Nelson, we regularly assist clients across the Northwest. Our accomplishments make us the perfect choice for Transfer of Equity Solicitors in Preston, Manchester, Blackburn, Rochdale and Bolton, as well as across the Pennines in Leeds, Huddersfield, Sheffield and beyond.

Wherever you are in England or Wales, Farnworth Rose offers trusted, cost-effective legal advice for residential property transfers, helping you move forward with confidence.

To speak with one of our Transfer of Equity specialists today, call us on 01282 695 400 or complete the form below, and we’ll be in touch to help.