FREE SLC Webinar – Transfers of Equity – Key Issues for Conveyancers
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FREE SLC Webinar – Transfers of Equity – Key Issues for Conveyancers
Tuesday 14th September @ 10:00 am - 11:00 am
FREE SLC Webinar – Transfers of Equity – Key Issues for Conveyancers
“Mi Casa es su Casa”. Outside the normal sale and purchase process there are other ways in which individuals can achieve home ownership. This is through ‘Transfers of Equity’. Now, more than ever, homes are passing to individuals through inheritance, after divorce or separation, or by gift.
Whether by necessity or desire ‘Transfers of Equity’ numbers are increasing. This webinar will focus on the procedures involved and the practical steps to ensure a successful outcome.
Whilst the basic conveyancing principles are the same other factors must be considered to protect your client and provide security to your client’s mortgagee.
This webinar will cover the following:
• Transfers of Equity arising from death, divorce or separation, gift or through family arrangements
• The legal process
• What is the consideration?
• UK Finance Lender’s Handbook requirements (especially the ‘undervalue’ question)
• Regulatory requirements (especially Conflicts of Interest & need for Independent Legal Advice)
• Drafting the Transfer/Assent
• SDLT & LTT implications
• HM Land Registry requirements
• What to charge for doing the work?
• Managing and mitigating the risk
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