Transfer of equity involves adding or removing a person’s name from the property title, while deeds of gift allow property owners to transfer ownership to another party, often as part of estate planning.

Homeowners looking to add or remove a co-owner, or those wishing to gift property to a family member or loved one, require legal assistance to ensure the transaction is properly executed.

The transfer of equity or gifting property typically takes several weeks, depending on the complexity of the transaction and any associated tax implications.

Lawyers draft and file the necessary documents to transfer ownership of property through equity transfer or deeds of gift. They ensure that all parties understand the legal and financial implications, including any taxes or stamp duty that may apply. Legal professionals also advise on the implications of transferring equity during divorce or separation, ensuring that the interests of all parties are protected. For deeds of gift, they handle the legal documentation and registration with the Land Registry, ensuring that the transaction is properly recorded and that the new owner’s title is clear.