Consideration

In a transfer of equity, consideration refers to the amount of money that is paid by one person to another, to add or remove someone from the title deeds of a property. For example:

  • If you jointly own a £250,000 property with a family member, and that family member wants to buy out your 50% share for £125,000, the consideration for the transfer of equity is £125,000.

Stamp duty land tax (SDLT) for a transfer of equity is calculated according to the consideration and the amount remaining on the mortgage, not the full market value of the property.

Read more about Transfer of Equity.

Helen Goddard, Legal researcher

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Helen is an award-winning legal researcher and author. She is an experienced court litigation report proofreader and has written extensively on legal matters.

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