During the course of property ownership, it may become necessary to transfer the ownership of the property. Property transfers may become necessary as a result of marriage or cohabitation, divorce or separation or if the property is the subject of a gift.
In most cases, transferring property from one party to another is a relatively straightforward process, particularly where there are no mortgages involved. However, there may be other factors that affect the transfer such as establishing the true value of the property, considering whether there are any Stamp Duty Land Tax implications and registering the transfer with the Land Registry.
How can we help?
- Prepare the transfer documentation required to legally transfer the ownership of the property
- Draft and prepare a Declaration of Trust to reflect any division of equity in the property
- Provide guidance and advice on any Stamp Duty Land Tax implications of the transfer
- Register the change in ownership at the Land Registry