A transfer of equity is common place when a couple split up and one party wishes to take over the marital home on their own and therefore wants to release the other party from the property/mortgage. An example of a transfer of equity would be the following, say a couple decide to split and the marital home is worth £200.000 with a current mortgage of £150.000 this means that the equity in the property is £50.000, now if both clients have agreed to split the equity fifty/fifty then subject to status/income, the party who wants to stay in the property either approaches their existing lender and request a further advance to pay their partner out and also asks the lenders permission to take the other partner off the current mortgage or remortgage to another lender in their own name solely.