Leading transfer of property solicitors easylawyers have commenced their £199 transfer of equity service. The fees are fixed with no hidden extras. VAT and disbursements are also payable. Unlike other solicitors and conveyancing firms they do not hid their fees under disbursements.
http://www.easylawyers.co.uk/transfer-of-equity.php
Transfer of equity is a property transfer which involves at least one owner of a property remaining as an owner after completion. This can mean that one or people are added to the title or that one or more people are removed from the property.
Owners of property in the UK may wish to change the legal ownership/status (called the transfer of equity or equity transfer) of their property for a number of reasons some of which are listed below:
Tax planning. Property owners are sometimes advised to transfer a share of the family home into the name of a child or other family member so to make a Potentially Exempt Transfer (PET) for Inheritance Tax purpose. Consideration must be given to Capital Gains Tax and Stamp Duty Land Tax. Professional advise should also be sought before making gifts for tax reduction purpose.
Marriage. Following marriage the partners often wish to transfer the matrimonial home into joint names. Unless the party being added to the deeds is paying full market value for the share in the property the law will deem this transfer as a gift or transaction at an undervalue.
Transferring or changing the financial status of shares in the property. Some property owners buy a property jointly but do not wish to own the property on a strictly 50/50 basis. If this is the case a Declaration of Trust has be to be drafted is set up to explain the share that each partner owns both legally and beneficially. This trust deed is registered at the Land Registry.
Divorce or separation. Following divorce or separation the partners may wish to transfer a jointly owned property back into the sole name of one of the partners.
Easylawyers which is the online business of Pindoria Solicitors Limited which is regulated by the Solicitors Regulation Authority and are also registered with the Law Society.
Easylawyers is a solicitors firm with a difference. Their aim is
Professional legal services which are affordable and accessible to all
To provide excellent stress-free legal services
Legal services at the lowest price possible without compromising on our standard of care or service
No need to take time off to attend meetings
Transparency in legal costs all legal fees or terms of retainer agreed in advance so there are no hidden surprises
Our lawyers talk in plain English without the need for legal jargon or waffle
http://www.easylawyers.co.uk/
Easylawyers was set up in 2004 by Bharat Pindoria after a successful career in the City of London. They are not conveyancing brokers but highly professional individuals who believe in providing excellent service to all their clients.
Easylawyers also provide conveyancing services for purchase of property and sale of property. They also have a successful probate and estate administration section.
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