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Transaction at an Undervalue

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A transaction at an undervalue is, in simple terms, a transaction where an individual or corporate entity acquires a property for less than its market value.

For example, parent’s gifting property to their children to help them onto the property ladder, a gift between family members as part of estate planning or even a transfer between husband and wife following divorce proceedings. These may all be considered a transaction at an undervalue.

Whilst there are benefits for the seller and buyer in each of the above scenarios, it carries inherent risks whereby a lender may ask for independent legal advice to be provided prior to completion of the mortgage or loan facility.

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