Posted on: 27th Nov, 2010 11:43 am
how can I remove 2 partners on a property that we all own equally , and they want out and be removed from the mortgage ?
need to remove 2 partners on a mortgage that wish to be taken off , but do not want to remortgage ?
Hi james,
You will have to ask the 2 partners to sign a quitclaim deed and transfer the property in your name. Then, you'll have to refinance the mortgage in your name in order to remove their names from the mortgage.
To Andrew,
You can apply for novation in order to get the mortgage transferred in your name.
You will have to ask the 2 partners to sign a quitclaim deed and transfer the property in your name. Then, you'll have to refinance the mortgage in your name in order to remove their names from the mortgage.
To Andrew,
You can apply for novation in order to get the mortgage transferred in your name.