Gifts and transfers of equity

Circumstances can arise where for reasons of tax saving, marriage, divorce or simple generosity a property owner wishes to give their property or an interest in it to another. Such gifts may be subject to the terms of an existing mortgage secured over the property.

While on the face of it such transfers may seem straightforward there are often complications or factors and consequences that have not been considered. We can assist with independent and professional advice as to any potential pitfalls of the proposed arrangement together with the most efficient way of achieving the desired result and, if necessary, complying with the requirements of a lender.