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About: Transfer of equity     Goto   Sponge   NotDistinct   Permalink

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Transfer of equity is an English legal term for the process where the ownership of a share or interest in a property is transferred from one entity to another, a partial conveyance. Transfers of equity can take place for multiple reasons. Examples include: Transferring equity can be complex, involving land registry applications and stamp duty land tax forms. In these circumstances, a transfer of equity usually involves a conveyancing practitioner to deal with the formalities. Lenders' requirements are generally set out in the CML Lenders' Handbook.