How Does Transfer of Equity Work?

It can already be a stressful time when it comes to moving house, on top of that mortgage/property jargon can be a bit of a handful too. In the process of changing house there’s a process called ‘Transfer of Equity’, and this will be the process you reach down the line when you’re now looking to move over the ownership of your property. If you’re struggling to understand this concept, we’ve looked to make the process simple for you as we take you through a guide below of the in’s and out’s in Transfer of Equity.

First of all, what exactly is Transfer of Equity?

Transfer of Equity is the process to change the ownership of your property making sure that at least one of the original owners remains on the property ownership. For example, it could be a case that a married couple who originally bought the property have …