A Transfer of Equity is the term used to describe any change in the legal ownership of a property, whether by adding or removing a name from the legal title such as the name of a partner or a spouse. If you have a mortgage over the property, you will need the consent of the mortgage company before you can add or remove a name from the legal title.
Legal representation is vital for such transactions as any change will require registration at the Land Registry. The transaction might also potentially have Stamp Duty Land Tax implications, even if no money changes hands.
Curzon Green Solicitors promise the following: