Change the ownership on your shared ownership home
Transfer of Equity is a term that refers to changing the ownership of the property.
This could mean any of the following:
- Adding an additional person to the ownership of the property
- Removing a person from the joint ownership of the property
- Removing a person and adding a new person at the same time
This is different to a resale, as one of the original owners will still stay on the legal deeds of the property.