Want to know more property law? Read our guides to answer your questions about property ownership, from the house buying process to transferring property to family members.
There are several routes you can go down if you want to transfer property to family members. The types of transfers you can do, property transfer costs, and the different taxes you might have to pay all depend on a variety of things.Explore your main options, alongside the positives and risks of each.
Equity claims Property Ownership
There are many reasons you might find yourself in need of legal representation. Moving home, getting a divorce, writing a will or even making an accident claim: these are all services performed by legal service providers around the UK on a daily basis.
If you have a mortgage on your house, transferring equity might seem complicated. There are a few extra steps you’ll need to take, but the process can actually be very straightforward. Usually, through the process, your conveyancing solicitor will be there to advise you.
If you're planning on remortgaging your home (with a new lender) you're going to need a legal expert.
Property Ownership
If you have decided to purchase a second property and rent it out, you may be feeling preoccupied with matters such as finalising financial details, choosing a managing agent or liaising with builders and decorators about making improvements. Amidst all these details it is important not to forget about legal requirements you will be taking on as a landlord.
Disputes Property Ownership
Conveyancing is the process of transferring the legal ownership of property or land from one person to another. When buying a house, it is best to have a licensed conveyancer or solicitor in mind before continuing any further.