Please report all suspicious emails to ActionFraud Police on 0300 123 2040 straightaway. Action Fraud Police website details are

Transfers of Equity

A Transfer of Equity is the term used to describe a change of ownership where at least one of the original owners remains on the legal title after the transfer of equity is completed. Provided the transfer leaves at least one legal owner and not more than four, there can be as many parties involved in a transfer of equity as the situation requires. For example, an ex-husband could be taken off the title and replaced by the new husband.

A gift, as the name suggests, is a transfer which involves property changing hands with no money or money’s worth being paid to the outgoing owner. This would include a transfer of equity where the person who parts with his interest receives no payment.

If you wish to calculate the equity of your property, simply subtract how much is owed to any current lender on your property from its current value. Every conveyancer at Garnett Wilson is dedicated to making the legalities of the transfer of equity process understandable, informative and cost effective.

Once you have confirmed that you would like Garnett Wilson to act for you, we will send you our Transfer of Equity form to complete, sign (by hand) and return. You should sign and return this form as soon as possible so that we can open a file and begin progressing your matter for you. We will also need to see you in person with your photo and proof of address ID documents for anti-money laundering purposes. If you are unable to get to our offices to verify your photo ID and proof of address documents, you can take them to either your mortgage broker (if they are FCA registered), a solicitor locally to you, your bank manager, your doctor or a qualified accountant to be verified. The verified documents can then be sent to us by e-mail as an attachment