Transfer of equity, and where Godiva Mortgages answers for itself
Godiva Mortgages's requirements on transfer of equity are published rather than private, and they are amended without notice. Here is where they sit and how often they move.
- Topic
- Transfer of equity
- Jurisdiction
- England & Wales
- Godiva Mortgages Part 2 last changed
- 2026
- Years with a change
- 9 of the 10 to 2026
- Handbook
- UK Finance · Part 1 & 2
Part 2 of the UK Finance Mortgage Lenders' Handbook is amended by lenders without notice. Check the current version before relying on any requirement described here.
Transfer of equity, in plain terms
A change in the people named on the title where at least one of the existing owners stays: adding a spouse, removing a former partner, or transferring a share. Where a mortgage is in place the lender must consent, and the lender’s own requirements govern how it is done.
Most of the delay on transfer of equity comes from establishing what the lender wants before anyone starts drafting. Getting that answer early is usually worth more than any amount of chasing later.
Nothing here reproduces a Godiva Mortgages requirement. Requirements move, a copy of one does not, and a conveyancer acting on last year's wording is in a worse position than one who looked it up. What this page does instead is say where each answer lives.
What a Godiva Mortgages panel firm has to have in place
Start with the lender, not the deed
A transfer of equity looks like a short piece of conveyancing and behaves like a mortgage application. Approach it in that order: establish what the lender will agree to, then draft. Drafting first produces a deed nobody can complete.
Establish the release position in writing
Whether an outgoing party leaves the covenants behind is entirely the lender's decision and is not implied by their leaving the title. Get the answer in writing before anyone signs anything, because a client who believed they were released from the mortgage and is not has a claim.
Price the stamp duty properly
Assumed mortgage debt is consideration. A transfer between family members with no cash passing can still cross the notification threshold on the strength of the debt alone, and higher-rate surcharges may apply depending on what else the incoming party owns.
Deal with the adults in the property
Occupiers over eighteen who are not borrowers are asked to postpone any interest they have to the charge. It is a routine document that becomes an urgent one when it is left to the end, particularly where the occupier is a parent who has contributed to the purchase.
Lodge it as one application
The transfer and the deed of variation are registered together. Filing them separately, or filing the transfer while the variation is still with the lender, leaves the register describing a state of affairs that was never intended.
How often Godiva Mortgages moves the answers above
Everything above says which points Godiva Mortgages decides for itself. This is how often it has decided them differently.
Counted from the Lexsure Part 2 change record. Godiva Mortgages has changed its Part 2 in 9 of the 10 years to 2026, most recently in 2026. Counted from the Lexsure Part 2 change record. A lender that revises Part 2 often is not a worse lender than one that leaves it alone: what the figure describes is how far you can rely on what applied last time.
How Godiva Mortgages sets its own conveyancing requirements
On most mortgage matters the same firm acts for the borrower and for Godiva Mortgages, which means it is following a second set of instructions alongside yours. Those instructions are the UK Finance Mortgage Lenders' Handbook, and they are published in two parts.
Part 1
The same for every lender
- The general instructions that apply across the industry: what has to be investigated, what has to be reported, and what the certificate of title commits the firm to.
- Changes rarely, and changes are published.
Part 2
Godiva Mortgages’s own answers
- Where the lender sets its own position: what it accepts on indemnity policies, on new-build warranties, on occupiers and on much else.
- Amended by the lender without notice, which is why nothing on this site reproduces it.
Check the current version before relying on any requirement described anywhere, including here.
Part 1 is settled and Part 2 is the half that moves. This is the record of when Godiva Mortgages has moved it.
Part 2 changes have been recorded for Godiva Mortgages in every year since 2024. A run that reaches the present is the case for reading the current version rather than working from the last matter, and it is the reason this site monitors Part 2 instead of reprinting it.
Counting the amendments rather than the years: Godiva Mortgages has made 415 changes to Part 2 sections since 2017, 8 of them in 2026. One amendment can touch several sections, so this counts section changes rather than distinct sections, and revisions that moved nothing but the document’s own date are left out.
Counted from the Lexsure Part 2 change record supplied on 3 August 2026, which holds the years a lender’s Part 2 was amended rather than what any amendment said. 2026 is a part year, because the extract was taken partway through it. A lender that revises Part 2 often is not a worse lender than one that leaves it alone: what these figures describe is how far a conveyancer can rely on what applied last time, which is why the current version is the one to check.
This site says which Part 2 question holds a lender-specific answer rather than reprinting the answer. A stale copy of a requirement, on a page someone acts on, is worse than no copy.
Where the answer is Godiva Mortgages's rather than general practice
These are worth putting to Godiva Mortgages in writing rather than inferring from the last matter. Part 2 is where its answers live, and it can be amended between one file and the next:
- Whether the existing charge is varied or discharged and re-taken
- The exact terms on which the outgoing owner is released, if at all
- Which occupier consent wording is acceptable, and to whom it must be sworn
- Whether the transfer affects the product, the rate or any incentive already applied
We do not reproduce Part 2 here. It is lender-specific, it changes without notice, and a stale copy of it on a page a conveyancer relies on is worse than no copy at all. LM04 tracks those changes.
Acting on this lender’s instructions
Panel membership decides whether a firm can act at all. LenderPanel maintains the directory borrowers search when choosing a conveyancer, including for Godiva Mortgages.