I was recently doing a re mortgage and on the questionnaire I completed for the solicitor it asked:
Has the property been subject to any transfers in the last five years?
Can I ask what it is exactly referring to and why this would be asked?
Yes, I follow.
I understood any solicitor dealing with a Transfer of Equity would take out an insurance policy to protect against that; is that not true?
Does less than market share apply even if the person receiving half of the property takes on half the O/S mortgage debt?