Posted on: 15th Sep, 2009 02:51 am
hello me and my partner brought our place a year ago,month ago we split up,he is still living in the flat,im still paying half of the mortgage even no im not living there any more,because bye law i have to.and i was wondering can i take my name of the deeds if i can do that would that mean i dont have to pay nothing towards the property.also how much is it to take my name of the deeds.please help me.thank you for your time.
If your name is only on the property deed and not on the mortgage doc, then you are not liable to pay off the loan. However, if you want to remove your name from the property deed, then you will have to sign a quitclaim deed in your partner's name. In case, if your name is on the mortgage docs, you'll have to ask your partner to refinance the loan to remove you from it.