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Aston Lawyer
Aston Lawyer, Solicitor
Category: Law
Satisfied Customers: 10772
Experience:  Solicitor LLB (Hons) 23 years of experience in Conveyancing and Property Law
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Hello, my ex partner and I are currently on a joint mortgage,

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Hello, my ex partner and I are currently on a joint mortgage, we have both been approved separate mortgages, my ex partner is doing a transfer of equity so she can still live another address of the joint mortgage and I am looking to buy elsewhere. As we have both been approved by the banks can you tell me why this process could take between 4 months and 4 years? As it only took around 1 month to both arrange new mortgages. Thanks
Hello and thanks for using Just Answer.
My name is ***** ***** am happy to assist you with your enquiry.
Just so I am straight, has your ex partner been told that the transfer of equity application process will take between 4 months and 4 years??
Customer: replied 3 years ago.

Yes that's correct

Hi Darran,
If your ex partner's finances are up to scratch to enable the existing Mortgage to be transferred to her, the consent from the Lender would only normally take about 1 month to receive. It would then take another 4-8 weeks for your ex partner's Solicitor to deal with the legal paperwork and complete the Transfer of property and Mortgage.
There must be some other reason why she has been quoted "up to 4 years" but I'm afraid I really don't know what the reason would be.
I hope this assists you.
Kind Regards
Customer: replied 3 years ago.

Yes all finances have been approved, and the bank is ready to complete their paperwork. The underwriters need no further information. The lender did indeed only take around a month to agree to the transfer. The information from the lender is that solicitors are in no hurry to work/complete these sort of cases

Thanks for your reply.
Well, it is up to your ex partner to find a decent Conveyancing Solicitor who will act efficiently. To be honest, once we have taken instructions and agreed to act for a client, we are then under a duty to complete the Transfer just as soon as we are able. It certainly won't take 4 years!! As mentioned previously, it will take 8 weeks at the most, provided you are happy to sign the Transfer without delay!
I hope this helps.
Kind Regards
Customer: replied 3 years ago.

This is as I have thought. Maybe I should forward your kind words of advice to my ex. Many thanks, ***** ***** been more helpful and eased my mind and worries greatly.

Kind regards


Hi Darran,
No worries!
If I have helped, I would be grateful if you could leave positive feedback.
All the Best
Aston Lawyer and other Law Specialists are ready to help you
Customer: replied 3 years ago.

I have just signed an fv1 transfer form today, 8 weeks since the banks gave the solicitors the details, they have now said it will take another 4 to 6 weeks as the banks need to see it, then I need to come off the land register. Is it me or is this all taking a hideous amount of time?