Re-Mortgaging & Transfers of Equity

Transfer of Equity

Transferring equity in a property involves several key steps to ensure everything is handled properly:

• Title Verification & Documentation: Review the property title and draft necessary transfer documents for approval and signature.
• Mortgage Lender Coordination: Manage all interactions with your mortgage lender and relevant parties.
• Financial Reporting: Provide a statement of account and request any additional funds required for the transaction.
• Pre-Completion Searches & SDLT: Conduct essential searches, manage Stamp Duty Land Tax (SDLT) return and payment if applicable.
• Land Registry: Register the transfer with the Land Registry.

Re-Mortgaging

Re-mortgaging your property involves a detailed process to secure new mortgage terms:

• Title Review & Searches: Assess property title information and conduct necessary searches.
• Investigations & Mortgage Instructions: Resolve issues from searches and review new mortgage terms.
• Lender Liaison & Redemption Figures: Liaise with your lender and request figures to repay your existing mortgage.
• Documentation & Mortgage Funds: Organise the signing of documents and request mortgage funds.
• Pre-Completion Searches & Existing Mortgage Redemption: Perform final searches and arrange for repayment of your old mortgage.
• Completion & Final Reporting: Finalise the re-mortgage, handle post-completion tasks, and provide a summary of the transaction.