Changing the ownership structure of a property has more to it than paperwork. Whether you’re adding a partner, removing a name after divorce, or resolving inheritance, this legal change involves specific procedures that must be followed closely.
Knowing what to expect can help you stay in control and avoid unnecessary delays or costs. Keep reading to find out how the process works and what your next steps should be.
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What Is a Transfer of Equity?
A transfer of equity happens when someone is added or removed from the legal title of a property, but at least one existing owner stays the same. It isn’t a sale in the traditional sense, but it does have legal and financial consequences.
This can happen during divorce, when a family member gifts their share, or when a new partner is added to the mortgage. No matter the reason, the process follows a set legal route to make it valid.
Starting the Legal Process
The first step is instructing a conveyancer or solicitor. They’ll confirm who currently owns the property, who’s being added or removed, and whether a mortgage is involved. If there is a mortgage, the lender must approve the changes.
The transfer of equity process also includes ID verification and gathering documents like the current title deed. If money is changing hands, your solicitor may also need to conduct anti-money laundering checks.
Drafting and Signing the Transfer Deed
Your conveyancer will draft a TR1 form, which is the legal document used to update the ownership. This form must be signed by all parties and witnessed. If the property is jointly owned, additional documents like the ID1 form may be needed for verification.
Stamp Duty Land Tax (SDLT) might apply depending on the value transferred and the circumstances. For example, if the transfer is due to a divorce court order, this may be exempt. Your solicitor will advise whether tax applies.
Registering with the Land Registry
Once all documents are signed, your solicitor will send them to HM Land Registry. This officially updates the legal ownership. As of 2025, Land Registry processing times average between 4 to 8 weeks, depending on their current backlog and the complexity of the case.
If the property has a mortgage, the lender’s charge will also be updated to reflect the new owner structure.
What You Should Expect Throughout
Expect to be involved at several stages, especially when signing documents or providing information. It’s important to respond quickly to your solicitor’s requests. Delays often happen because paperwork isn’t returned in time or mortgage lender approval is slow.
Costs for a transfer of equity usually range from £300 to £1,000, plus Land Registry fees and any SDLT owed. Your solicitor should provide a full breakdown before starting.
Wrapping It Up
Transferring equity is a legal transaction with real consequences. From solicitor instructions to final registration, each step needs attention and action. If you take the time to understand the process and stay in touch with your conveyancer, you can make the change with minimal hassle.