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Property Lease Solicitors
Introduced to restore the historical imbalance between the inherently disadvantaged Tenant and the monopolistic Landlord, laws on leasehold enfranchisement now provide for a breadth of collective and individual rights.
We offer a full range of services for both Landlords and Tenants in relation to:
Transfer of Equity is a transaction where the legal ownership of a property changes hands.
Whilst these can seem straightforward, each case depends on the individual circumstances and we have to determine the exact situation in order to ensure that all the parties are protected.
There are various reasons why you may wish to transfer property but the most common are:
Stamp Duty Land Tax is often applicable in a Transfer of Equity if a person is coming onto the title and it is determined by how much Consideration is being paid for the Transfer and the current mortgage amount (if applicable). There could also be a higher rate of tax if the person going onto the title already owns property. Therefore it is important to use Solicitors who are experienced and knowledgeable in this area.
It is important to bear in mind that there may be Capital Gains Tax and Inheritance Tax implications in a Transfer of Equity transaction.
Find answers to your most pressing questions about our services and processes.