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How to Revoke a Lasting Power of Attorney
How to Revoke a Lasting Power of Attorney Setting up a Lasting Power of Attorney (LPA) is important for future security if you ever lost mental capacity. An LPA allows
August 9, 2026
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Simply put, a Transfer of Equity is when a person or people are added or removed from the property title held at the Land Registry.
The property title shows who owns the property, so usually a Transfer of Equity involves one owner remaining on the title, and either an additional person or people being added or an existing owner removed.
Equity is the term used to describe the value of a property after the value of any outstanding mortgage is subtracted from the current market value of the property.
For example, if your property is currently worth £150,000 but you have an outstanding mortgage value of £50,000, the Equity in the property is £100,000 (Property Market Value – Outstanding Mortgage Value = Equity).
Transferring of equity is mostly e.g., when a couple marries and moves in together, or also if they divorce and one person decides to leave the home.
Transfer of the equity lets them change the names on house deeds, to reflect the property’s new ownership position. This can be considered as one person ‘buying out’ another’s share in a home, or ‘selling’ and splitting the shares they already have to allow another person to join them in ownership.
There are also other reasons why an Equity Transfer may be sought by a property owner. These include:
When the property is going from Sole Owner to Joint Owners, this is the process we follow:
Generally, the same basic legal process as mentioned above is followed. Even though a transfer of equity may be seen on the surface as a simple process people can forget that it is a legal one.
Legally a transfer of equity can be complex and you should always get legal advice.
If you are making an Equity Transfer and there is an outstanding mortgage on the property, you will usually be required to apply to your mortgage provider to approve the changes to the ownership.
Once this has been approved by your mortgage provider, the transfer documents can be produced for signature.
You will need to ensure that your mortgage provider is happy with either of the following situations depending on the type of transfer you are completing:
Usually, the person transferring the interest will require a release from the mortgage conditions which can be done in one of the following ways:
Please contact us at 0800 066 2930 if you have any further questions.
Transfer of equity depends on your personal circumstances. Professional guidance from ourselves will always make your equity transfer run as smoothly as possible and get rid of any stress for all parties involved.
Our expert team can help you with all kinds of equity transfer, including:
Looking for a free, no-obligation consultation? Call us at 0800 066 2930 today to get this schedule right away.
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How to Revoke a Lasting Power of Attorney Setting up a Lasting Power of Attorney (LPA) is important for future security if you ever lost mental capacity. An LPA allows
How to Revoke a Lasting Power of Attorney Setting up a Lasting Power of Attorney (LPA) is important for future security if you ever lost mental capacity. An LPA allows
How to Revoke a Lasting Power of Attorney Setting up a Lasting Power of Attorney (LPA) is important for future security if you ever lost mental capacity. An LPA allows
