A transfer of equity is when a person is added or removed from the title deeds of a property. This may be due to a separation or divorce or to add a new spouse to the ownership. Transferring ownership of property to family members can also be for estate planning purposes but only when you have received the necessary legal advice to ensure this is right for you to do and will achieve your objectives.
Transfers of equity can be for nil consideration (i.e a gift) or perhaps be by virtue of a court order in the event of a divorce. They can of course be for a sum agreed between the parties. This relevant information is recorded in the Transfer by our lawyers.