For most of us the property that we own is the biggest investment we’ll ever make and if you are considering a transfer of equity it’s important to use an experienced conveyancer to avoid costly mistakes and delays. As accredited members of the Law Society’s Conveyancing Quality Scheme our expert fixed fee transfer of equity solicitors have helped thousands of clients to make the right move providing a fast, friendly and cost effective conveyancing service.

We’d be happy to discuss how we can help you and to provide you with a detailed breakdown of costs for a transfer of equity – just give us a call now on 01902 577771 or fill in the form here. The quotation is totally free and without any obligation.

A broad outline of the legal work involved in a transfer of equity includes:

  • Taking your initial instructions and reviewing any potential pitfalls with you
  • Obtaining and checking your title documents
  • Where you have an existing mortgage in place liaising with the lender to obtain their consent to the proposed transfer
  • Where a new mortgage is to be put in place submitting conveyancing searches to the appropriate authorities, dealing with any conditions set by the Lender and reporting to them on the title to the Property
  • Drafting the transfer documentation
  • Corresponding with any solicitors acting for the proposed co-owner to agree the form the transfer papers and dealing with any enquiries that they may raise
  • Making the pre-completion legal arrangements and checks
  • Arranging for the signature and completion of the transfer documentation
  • After completion of the transfer registering your change in ownership of the property (and any new mortgage) at the Land Registry which may take some weeks, although this will make no practical difference from your point of view and submitting any necessary Stamp Duty Land Tax return.

To give you an idea of the various costs involved we’ll take the example of a property valued at £148,689 – which according to Land Registry figures is the average price of a property in Wolverhampton as of July 2018 – where a one half interest is being gifted.

Solicitor’s Fees £900 plus VAT of £180

These cover the cost of the legal work involved in the transfer of equity.

In the case of leasehold properties as these involve much more legal work we make an additional charge of £200 plus VAT.

Bank Transfer Fee £30 plus VAT of £6

We make this charge only where we need to send money electronically as part of the conveyancing transaction

Referral Fee £0.00

We don’t believe in buying business – clients choose to use us because they like the quality of our work, the speed of our service and the ability to talk directly with the solicitor dealing with their purchase – so you don’t have to pay us more so that we can pay third party referral fees

Mortgage Fee £250 plus VAT of £50

If you are taking a mortgage from a lender who is member of UK Finance – all of the major high street banks and building societies are members – we charge this fee to reflect the additional work involved. The fee may vary if your lender is not a member of UK Finance.

If yours is a leasehold property we will need to give the Landlord notice of your mortgage following completion. The notice fee payable to the Landlord will vary dependant on the development and we won’t know the amount of this until we have been able to investigate the title and raise enquiries


These are the fees that have to be paid to third parties in respect of searches and registration fees which are a necessary part of the conveyancing process:

Local search £82.74

Mining search £35.65

Environment search £67.32

Drainage search £69.98

Land Registry priority search £3.00

Land Registry registration fee – varies dependent upon whether the transfer is subject to an existing mortgage but at least £30

Bankruptcy search fee – only payable where you are putting a new mortgage in place or transferring subject to an existing one – £2 per person

AML search – £4 per person.

Search fees vary dependant on the location of the property.

Stamp Duty £0.00

Normally stamp duty wouldn’t be payable where the interest in the property is being gifted. We’ll let you know how much stamp duty is payable in connection with your proposed transfer as part of our detailed quote but have assumed for the purpose of this illustration that you are a first time buyer.


We’d love to help you make your next move. To find out more about our conveyancing services and to get your FREE personalised conveyancing quote CALL us now on 01902 577771 or fill in the form here