Equity is the difference between the value of a property and the amount left outstanding on its mortgage.
Equity can be transferred when an owner (or joint owner) of land or property wishes to transfer their ownership to someone else, for example through divorce proceedings or as a gift. It is advisable that a solicitor is instructed for a Transfer of Equity to ensure that any liabilities are disclosed.
Contact the Dale & Co. team now for a free Transfer of Equity quote.
Last Updated: Thursday 25th April 2019
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