Christmas Opening – Please note that our Annitsford Office will be closed from Tuesday 24th December, our Newcastle and Ashington Offices will be closed from Friday 20th December until Thursday 2nd January 2025.
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Being injured as a result of someone else’s negligence is a serious matter. It can have huge implications for you and your family. Our legal experts have a wealth of experience in handling personal injury cases.
It’s a sad fact that not all medical or dental treatment has a successful outcome. At Browell Smith & Co Solicitors our team of highly-skilled solicitors have the legal and medical expertise to assist you when you need it most.
Browell Smith & Co Solicitors’ experienced and dedicated family law team prides itself on providing outstanding service to our clients. We will listen to you, explain to you your options and we are committed to finding our clients the best possible outcome.
We understand organising your affairs for later life can be a daunting prospect. At Browell Smith & Co Solicitors our experts are here to make this process as straightforward as possible.
Browell Smith & Co Solicitors understand that moving home can be one of the most exciting but also most stressful times of your life. This is why we feel it’s important you have the right legal team to guide you through the process.
Browell Smith & Co Solicitors have been serving the North East for more than 20 years, helping over 160,000 clients through the good times, the sad times, in sickness and in health.
The transfer of equity process can be made simple with the right legal advice.
At Browell Smith & Co Solicitors we have years of experience in ensuring the process runs smoothly from beginning to end.
In its simplest form, a transfer of equity is when one or more owner(s) of a property sells their interest to another. The process of transferring equity can be incredibly simple, as long as everyone involved knows the terms and conditions and they are clear. There is no mortgage involved if a couple is divorcing, one person is leaving the home and the other is buying them out. The equity in a property is the residual value of a property after any mortgage is deducted. If your property is worth £250,000 and your outstanding mortgage is £150,000, then you have £100,000 equity in the property.
In our experience, there are a number of reasons why a transfer of equity in a property takes place. The most common are when couples get married or divorced. We work together with our in-house Family Law team at Browell Smith & Co should additional advice in this area be required and to ensure that the agreement is appropriate and legally binding.
Contact our team today to arrange a free initial consultation at any of our offices, in Newcastle, Cramlington, and Ashington, to discuss your particular requirements.
t: 0191 691 3419
e: rodger.wilkinson@browells.co.uk
e: adam.saul@browells.co.uk
e: Catriona.Graham@browells.co.uk
We understand that transfer of equity transactions can be quite stressful and emotive to many different parties and we are sensitive to these issues.
Our team will provide legal advice and assistance to ensure the entire process is as smooth and stress-free as possible.
A transfer of equity occurs when an owner adds one or more people to the legal register of a property, or when they remove one of more people, other than themselves, from this register.
As well as in the event of marriage or divorce, a transfer of equity can also take place for tax planning reasons or to adjust financial shares, such as changing a percentage in property ownership.
In all cases, an official document called a Deed of Transfer is drafted for all parties involved to sign.
Our team have a wealth of experience in this particular area of the law and will offer advice on all transfer of equity dealings. You can trust us to guide you step by step through the whole process to get the result you desire.
Request a callback and our team will be back in touch as quickly as possible for a free initial consultation. We're continuing to deliver a quality service and our teams are available to take new enquiries and manage existing caseloads via calls and/or video conferencing.