Transfer of Equity Solicitor

We provide independent legal advice where a current legal owner of a property is removing their name from the legal title for no consideration. The meetings take place using Skype or Zoom. Our fees are fixed and competitive, and the transfer of equity advice is provided by a solicitor.

Transfer of equity solicitors fees for Independent legal advice only

Our service, Independent Legal Advice: Transfer of Equity, costs a Fixed Fee of £300 INC VAT for the first legal owner being removed and an additional £150 INC VAT for any additional legal owners. Terms apply. The transfer of equity timescales are faster than when the property was purchased.

We do not provide the conveyancing service for updating the legal title so the new owners of the property will need a solicitor to handle updating the Land Registry. Meetings are booked within days of the TR1 being received from the new owner's solicitor.

Complete your Transfer of Equity form below:

Transfer of Equity Independent Legal Advice Online Instruction
For transactions where a property is being transferred for no consideration.
Each legal owner must fill in the form separately

First contact is within 48 hours.

Transaction reference:
(If you are already a Parachute Law client you must use your quote reference to sync your details to your account)
Transaction Reference:
(If you are already a Parachute Law client you must use your client reference to sync your details to this form, it'll save you filling your details in again)
Text me my security code
Security Code
Details of current legal owner
First name
Middle name/s
Last name
Mobile number
Home Postcode
Flat No:
First line
Second line

What is your beneficial interest split? (%)
If you are the sole owner then your interest is most likely 100%, however if you share the property with anyone else then please state what your share is.

Full name/s of any other legal owner being removed
As per their passport, for example Mr John James Smith and Miss Jane Julie Doe. These are the names of the parties who will also be removed after the transfer is completed.

Details of the new owner
Full name/s of new/remaining owners
As per their passport, for example Mr John James Smith and Miss Jane Julie Doe. These are the names of the parties who will be registered as the legal owners after the transfer is completed.

What is the relationship between you and the other party?
Property details your deed relates to
Postcode of property
Flat No:
First line
Second line

Is the property freehold or leasehold?

Is the property a residential or a buy to let?

How do you currently own the property?
If you are unsure we will check for you. Joint Tenants cannot hold separate beneficial shares in a property. If the property is currently held as Joint Tenants then we can help sever the joint tenancy so the property is held as Tenants in Common for an additional fee.

What is the property's current market price?
This is the estimated current market value as at today's date if you were selling it on the open market.

How much money are you being paid for your beneficial interest?
If this is for no money then type £0, or else please confirm the total amount you will receive now, or at any future date, for your share in this property.

Is there a mortgage registered over the property?

What is the mortgage value?
If you are buying then this is the total mortgage debt as at completion (this may include mortgage valuation and admin fees added onto the mortgage debt). If you already own the property this is the estimated current total mortgage debt as at today's date.

Why do you need independent legal advice?

Please make your declaration
I acknowledge that by stating the property is being transferred for no consideration that I am due no benefit from the property now or in the future, I am being paid no money for my beneficial interest, there is no mortgage registered over the property and I will have no legal right to enter the property after completion so must ensure all of my property is removed before completion.

Solicitor OR Beneficiary Details (please select)

First Name
Last name
Phone Number
First name
Middle name/s
Last name
Mobile number
Home Postcode
Flat No:
First line
Second line
Attach Documents
You can attach a scan .PDF or a .JPEG. There is a free to use App called TurboScan for Android or IOS phones which converts a photo to .PDF on your mobile.

All documents provided through this online form will need to be accessible by you during your meeting. Please ensure you have all the relevant documentation printed and ready prior to your meeting taking place. If tall the relevant documents have not been prepared, this will result in you having to re-book your meeting at an additional fee.

    Proof of Photo ID
Attach a copy of your current valid passport or driving licence. The photo ID that you provide needs to be presented to the solicitor during your meeting. If the photo ID presented to the solicitor in the meeting does not match the ID uploaded an admin fee of £50 will be chargeable to organise a new meeting to validate your photo ID.
    Proof of Address
2 scan copies of your home address (you can't use the same company twice for different months. You can use a utility/mobile bill, formal notice like HMRC letter or council tax or bank statement no older than 3 months).
Parachute Law Solicitors
21 Silwood Road
T: 0207 183 4547
F: 0207 183 2973


These terms set out some important information about our professional relationship with you as well as our terms and conditions. It is vital that you read the information carefully. Please note that we only act for the addressee(s) of this letter. We will not correspond with any other parties about your file without your express written permission.

Responsibility for your case

The person responsible for all of the work on your matter is Luciana Ispani. She is assisted by Ashlee High who will also be working on your matter under Claudine’s supervision.

Scope of work

A fixed fee of £300 INC VAT for the first owner and £150 INC VAT for any additional owner. The fixed fee includes:
  • review the information relating to the transfer of equity.
  • a video conference meeting to provide independent legal advice lasting no longer than 1 hour but maybe less.
  • Advisory letter confirming the legal advice provided. We do not handle any part of the legal work to update the Land Registry title.

Points to Note:

  • Failing to attend your ILA meeting. You can change a booked meeting time by giving us 24 hours prior to the meeting taking place. We will cancel the booked meeting and charge you a £120 rearrangement fee if: i) you rearrange less than 24 hours before the meeting time, ii) you are more than 15 minutes late for the meeting, iii) you fail to attend the meeting (including not having adequate Skype audio and video to allow the meeting to take place), iv) you have not read in full all of the mortgage documents provided to you by your lender v) you do not provide adequate ID during the meeting or vi) if documents require signature during the call and you do not have these read to sign during the meeting, we charge £100 INC VAT for another appointment time.
  • Bespoke appointments. We offer appointments from 9am to 5.30pm Monday to Friday as part of our Fixed Fee. We can offer an out of hours appointment upon request subject to our solicitor's availability however we will charge an additional fee of £120 INC VAT to cover the cost. Please contact us to check availability.
  • Client does not proceed. There may be cases where the client does not proceed with the transfer after the advice has been given. In these cases there is no refund for any part of the service.
Please check these carefully and let us know if you have any comments or concerns relating to them.

Legal Fees

You have instructed based on a fixed fee for a specific scope of work. In the event further work is needed to be undertaken then our legal fees are calculated by reference to the time spent by our fee earners in respect of any work which they do on your behalf unless a further fixed fee is agreed at the outset in respect of a specific scope of work.

Billing Arrangements

We charge £300 INC VAT per hour for legal work. We charge in 15 minute units, rounding to the nearest 15 minutes. Our hourly rates are reviewed every year to reflect increases in overhead costs and inflation.
Normally the rates are reviewed with effect from 1 January each year.
For work that falls outside the scope of the fixed fee, then in accordance with our usual practice in long running cases, we shall deliver bills to you at regular intervals for work carried out during the conduct of this matter.

Service Levels

We will update you by telephone or by email with progress on your matter following receipt of important information about your matter or when any important event occurs in your matter.
We will communicate with you in plain language. Our preferred manner of communication is email. We do not normally send letters in the post, if you prefer another method of communication such as post or fax you should tell us. We will explain to you by telephone or by email the legal work required as your matter progresses.


If we fail to comply with these terms, we are responsible for loss or damage you suffer that is a foreseeable result of our breaking this contract or our failing to use reasonable care and skill but we are not responsible for any loss or damage that is not foreseeable. Loss or damage is foreseeable if either it is obvious that it will happen or if, at the time the contract was made, both we and you knew it might happen, for example, if you discussed it with us.
We do not exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for the negligence of our employees, agents or subcontractors; for fraud or fraudulent misrepresentation; for breach of your legal rights in relation to the services including the right to receive services which are as described and supplied with reasonable skill and care.

Referral Arrangements

If your instructions have been passed to us by SAM Conveyancing a trading name of Share a Mortgage Ltd. then we must comply with Chapter 9 of the Solicitors' Regulation Authority Code of Conduct. We advise that we have a commercial arrangement with SAM Conveyancing relating to their introduction of clients to us. We believe that this relationship is of benefit to you, enhancing the delivery of our services. Upon completion of this matter, we will make a referral payment to them. To be clear, this payment is made by us and is not an additional payment that we require from you.
By signing the Acceptance Form, you confirm that you are giving us permission to disclose information relating to your matter to SAM Conveyancing. If you do not agree that we may do so, please advise us in writing. If at any time we feel that a conflict of interest may arise as a result of our relationship with SAM Conveyancing we will cease acting.

Our Standard of Care

The legal services that we provide are authorised and regulated by the Solicitors Regulation Authority whose rules can be inspected at Our registration number with the Solicitors Regulation Authority is 646947. These terms and conditions are set out to comply with certain legal requirements in part and the professional requirements and advice of the Solicitors Regulation Authority and the Law Society. Their other purpose is to indicate to clients as clearly as possible the standard of service that they can expect from us, the amounts that we will charge for the work that we do and our methods of charging.
These terms and conditions do not affect statutory and common law rules that govern solicitors’ business.
However, if there is a conflict between the terms and conditions and such rules, the terms and conditions will prevail so far as it is possible for them to do so.
When the words ‘we’ and ‘us’ are used in these terms and conditions, they mean Parachute Law Solicitors.
Your responsibilities include the following:
  1. You will provide us with clear, timely and accurate information.
  2. You will inform us of any changes in your circumstances or awareness which may affect your file.
  3. You will provide all documentation required to progress matters in a timely manner.


We are committed to high quality legal advice and client care. If you are unhappy about any aspect of the service you have received or about the bill, please contact Parachute Law on 0207 183 4547, or by post to our office.
We have eight weeks to consider your complaint. If we have not resolved it within this time you may complain to the Legal Ombudsman. If you are not satisfied with our handling of your complaint you can ask the Legal Ombudsman at PO Box 6806, Wolverhampton, WV1 9WJ to consider the complaint.
Normally, you will need to bring a complaint to the Legal Ombudsman within six months of receiving a final written response from us about your complaint or within six years of the act or omission about which you are complaining occurring (or if outside of this period, within three years of when you should reasonably have been aware of it).

Complaints about our bills

If you are not satisfied about our bill you are entitled to challenge or make a complaint about that bill. You may also apply to the court for an assessment of our bill under Part III of the Solicitors Act 1974.

Interest on Unpaid Bills

If all or part of the bill remains unpaid, we may be entitled to charge interest.

Professional Indemnity Insurance

We have Professional Indemnity Insurance to cover work undertaken by us in England and Wales. Our insurers are:
Travelers Insurance Company Limited
61-63 London Road

Data Protection

The way in which we use your personal data is regulated by data protection legislation in addition to our professional duty of confidentiality. Our up-to-date privacy notice is available on our website ( We may amend our privacy notice periodically to ensure it is operating effectively and complies with relevant laws and regulations. Where you provide any personal data to us (including that of third parties involved in the matter), you are responsible for ensuring that disclosure by you or on your behalf to us for use by us in the provision of our services complies with the requirements of data protection legislation.
You have the sole responsibility for the accuracy, quality and legality of the personal data you provide to us.

Storage of Documents

After completing the work, we will be entitled to keep all your papers and documents while there is still money owed to us for fees and expenses. We will keep our file of your papers for up to 6 years. We keep files on the understanding that we can destroy them 6 years after the date of the final bill. We do not offer the service of storing documents in safe custody.

Notice of right to Cancel

The Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 give you the right to cancel your agreement with us, without giving any reason, at any time during the 14 days immediately following the day that you return the copy of this letter (the "cooling off period"). Rather than our waiting for the cooling off period to expire before starting work on your file, at your election, we can start work for you right away however you will then lose your right to cancel and you will be responsible for the fees incurred by us for the work that we have undertaken for you. If you would like us to commence work before the end of the cancellation period, please tick the box indicating your Agreement to Commence Work, when signing and returning the copy of this letter of engagement or later, if appropriate. This may mean that you lose the right to cancel.
You will be required to pay for the services provided to you, with your agreement, before the end of the cancellation period. Please note that under the firm's terms of engagement you have the right to instruct us to stop work at any time (whether during or after the cancellation period).
We reserve the right to destroy all paper documents and to store an electronic copy only.
If you want us to return any paper documents to you at the end of a case you must inform us in writing. If we take papers or documents out of storage in relation to continuing or new instructions to act for you, we will not normally charge for such retrieval.
However we may charge you both for:
  1. time spent producing stored papers that are requested
  2. reading, correspondence or other work necessary to comply with your instructions in relation to the retrieved papers


Sometimes we ask other companies or people to do typing/photocopying/other work on our files to ensure this is done promptly. We will always seek a confidentiality agreement with these outsourced providers. If you do not want your file to be outsourced, please tell us as soon as possible.

Auditing and Vetting of Files

External firms or organisations may conduct audit or quality checks on our practice. These external firms or organisations are required to maintain confidentiality in relation to your files.

Terminating this Retainer

You may end your instructions to us in writing at any time, but we can keep all your papers and documents while there is still money owed to us for fees and expenses. We may decide to stop acting for you only with good reason. We must give you reasonable notice that we will stop acting for you.
If you or we decide that we should stop acting for you, you will pay our charges up until that point. These are calculated on an hourly basis plus expenses or by proportion of the agreed fee as set out in these terms and conditions depending on the whether you have paid a fixed fee or are paying for our services at an hourly rate.


We are professionally and legally obliged to keep your affairs confidential. However, solicitors may be required by statute to make a disclosure to the Serious Organised Crime Agency where they know or suspect that a transaction may involve money laundering or terrorist financing. If we make a disclosure in relation to your matter, we may not be able to tell you that a disclosure has been made. We may have to stop working on your matter for a period of time and may not be able to tell you why.

Distance Selling Regulations

If we have not met with you in person then Consumer Protection (Distance Selling) Regulations 2000 apply to this work. This means you have the right to cancel your instructions to us within seven working days of receiving this letter. You can cancel your instructions by contacting us by post or email to this office. Once we have started work on your file, you will be charged for the work that we have done if you then cancel your instructions.

Cash Payment to Third Parties

We confirm that we will carry out the necessary checks in order to verify the identity of our client for the delivery of the Service. If you are required by your conveyancing solicitor or a mortgage lender to obtain certified ID then you can do so by:
  • Click here to book and pay for an appointment to certify your ID via video conference. This service is not included within your original fee as it is not required to provide independent legal advice. Book a meeting to certify documents.
  • Find a solicitor local to you to certify your ID via video conference.

Accepting our Terms of Business

By ticking the button online "I Agree to the Terms & Conditions" in this form you are accepting these terms of service. If terms received by email then please email stating "I Agree to the Terms & Conditions".
Last updated: 24th February 2022
Fixed Solicitor Fee
Transfer of Equity Independent Legal Advice
(for one person)

Have you already paid?
Type payment code from email here:
Your solicitor has been instructed

We will check your ID and be in contact as soon as we get the TR1 for the conveyancing solicitor acting for the new/remaining owners

What happens next?

    New or remaining owner/s provides ID and signed documents to their solicitor.
    Current owner gets independent legal advice from their separate solicitor - this can only take place once the current owners have instructed their solicitor, provided ID and the new owner's solicitor issues the TR1. This part can stake some time so make sure the current owners move quickly.
    Current owner gets an ID1 (per legal owner)
    Once New owner's solicitor has signed transfer, ID1 and confirmation of legal advice completion takes place
    New owners are registered at the Land Registry

Does your Lender accept ILA by video conference?
Some mortgage lenders will not accept independent legal advice provided by video conference. It is your responsibility to check that they will accept a signature which has been witnessed by video conference. If your certificate is refused by your mortgage lender because your independent legal advice was conducted by video conference, Parachute Law reserves the right to withhold any refund of our fees.

Which Lenders Can't we help with?
  • Canada Life

Frequently Asked Questions

Stamp duty land tax is payable when transferring equity. If the transaction provides an individual an interest in land, stamp duty land tax (SDLT) or land transaction tax (LTT) will be payable by reference to any chargeable consideration given for it.
Parachute Law currently only offer a transfer of full equity service. If you would like to transfer a share in your property to someone else, get in contact for our recommended law firms.
The purpose of independent legal advice is to make sure that you understand the risks and implications of the transfer of equity and that the decision to sign is yours and yours alone. The adviser must be able confidently to confirm that you are not being coerced into signing the documents.

If you are not on your own during the meeting then the transfer of equity solicitor will stop the meeting and you will need to rebook at a time where you are alone at a cost of £120 INC VAT. We will not refund any fee to you if you don't rebook.
We can verify the ID of the parties leaving the legal title using the ID1/ID5 online verification process. Click here to find out more.
The Transfer of Equity process doesn't require any face to face meetings. We have developed our services so that we can handle the whole of the process for you online using scanned ID and email/telephone.

You will still need to provide via post the original signed TR1 and ID1 (if required) as the Land Registry still need this in wet ink, however the rest of the process is online.

This means we can act for anyone in England & Wales.
The transfer of equity solicitor can provide the legal advice to more than one legal owner, such as a mum and dad, but the advice must be provided in a separate meeting for each party.
Your solicitor cannot witness your signature remotely, as remote witnessing leaves the transfer of the Property open to legal challenge and Parachute would then be liable to the value of the Property.

However, there is no requirement for equity solicitors to witness a signature upon the TR1. This can be signed in the presence of an independent third party (a person over the age of 18 years old who is not related to any person named in the transaction).
The Transfer of Equity Solicitor acting for the parties who are going to be the new/remaining legal owners will handle updating the Land Registry. Our equity solicitors provide independent transfer of equity advice to the party being removed to ensure they are fully aware of what they are agreeing to.
The transfer of equity timescales are quicker than when the parties originally purchased the property.

For a Gifted Transfer of Equity (no consideration and no mortgage), this is the process:

    New or remaining owner/s provides ID and signed documents to their solicitor.
    Current owner gets independent legal advice from their separate solicitor - this can only take place once the current owners have instructed their solicitor, provided ID and the new owner's solicitor issues the TR1. This part can stake some time so make sure the current owners move quickly.
    Current owner gets an ID1 (per legal owner)
    Once New owner's solicitor has signed transfer, ID1 and confirmation of legal advice completion takes place
    New owners are registered at the Land Registry

The Transfer of Equity Timescales and Process can be delayed if there is:

  • consideration (money or debt changing hands)
  • a mortgage/loan to redeem
  • a leasehold/share of freehold
  • a restriction requiring addressing before the title can be changed