There are many practical reasons you may have for considering transferring the title deeds of your property to somebody else.
Whether you are looking to comply with the terms of a divorce settlement, or if you are a parent considering the advantages and disadvantages of a property transfer to your children, often referred to as a ‘Deed of Gift’, here at Devonalds, our property transfer solicitors can provide you with expert advice to guide you through the process.
There are likely to be many factors you may not have considered, for example, if there is a mortgage registered over the property, you will need to apply to your current lender to approve a “transfer of equity” application before the title deeds to the property can be transferred. Even if there is no mortgage, you should still consider the wider practicalities of the transfer of the property, particularly if you still intend to reside at the property after the transfer has taken place. Our property transfer solicitors can explain what could happen should the new owner go through a divorce, be declared bankrupt or even pre-decease you.
Our expert property solicitors can help with every stage of a transfer of the title deeds, providing the support to complete your transfer efficiently and correctly. We’ll contact the Land Registry on your behalf and ensure that all the necessary documentation is completed properly giving you the peace of mind that all the legal details have been covered. Why not give us a call to discuss your property transfer today on 01443 404700.