Posted on: 14th Mar, 2007 10:43 pm
i have a morgage but i would to transfer all the ownership to my partner is possible?(every to read his names)
Lopezcmaria,
You can transfer all ownership rights on your property to your partner even though you have taken out a home loan. But you need to inform the lender prior to the transfer and get his approval.
You can transfer all ownership rights on your property to your partner even though you have taken out a home loan. But you need to inform the lender prior to the transfer and get his approval.
Yes Lopez, you can transfer the ownership to your partner but the mortgage will remain in your name. If the lender allows then you would be able to get the mortgage refinanced in your partner's name.