As the cost-of-living crisis continues to force many of us to tighten our purse strings, some may consider saving legal fees by attempting to complete property matters such as a transfer of equity themselves.
There is a lot more to the conveyancing process than completing and sending off forms. There are many complex financial and legal details that need to be correctly stipulated on all documentation.
Transfer of Equity – Advice on Representation
Certain parts of a transfer of equity can be completed by yourself. However, due to it being a specialist and complex area of the law, a solicitor will need to be appointed in order to complete the process.
The UK law on property and ownership is highly complicated. Attempting to carry out work yourself runs the risk of many complications, risks, and costly delays. It would always be highly recommended that you seek specialist legal advice before attempting to undertake any legal work.
It is common that both parties involved in a transfer of equity have their own independent legal representation. However, for amicable arrangements, one representative may be instructed to act for both.
Transfer of Equity Solicitors
Many transfer of equity solicitor firms are now streamlining their processes, making their instruction easier and more cost-effective than ever. Meetings can be done via Skype or Zoom, at a time to suit. Many operate under a fixed fee agreement, so the costs involved are completely transparent from the start.
A solicitor can guide you through the entire process, or alternatively, they can be instructed to handle only the paperwork element. For more information on transfer of equity solicitors, visit parachutelaw.co.uk/transfer-of-equity-solicitor.
The benefits and gains to be had from taking legal advice far outweigh the costs of any fees involved in obtaining representation.