Equity transfers and releases
Transfer of equity and equity releases
If there is a change to the legal ownership of your property then an equity transfer will apply. In order to make such a change you will require the consent of your bank or mortgage company.
An equity release allows the unlocking of capital that is currently tied up in your property. This is done without the need to sell your home and can help to raise funds for home improvements, weddings and even holidays. As you can imagine, there are many legal issues to consider with equity transfers and releases and it is essential that you seek expert legal advice.
At Tayntons we have extensive experience in planning and executing equity transfers and releases. The legal process where property is concerned can be extremely complicated so speaking to a team of experts who can advise and fully inform you will serve you well.