Hi,
Is it possible to remove your name from the deeds but keep your name on the mortgage. Will the mortgage co allow this or how do they view it as a general rule. I own a property with someone else who is willing to be bought out for a small sum but as I do not qualify for a mortgage on my own they are willing to keep their name on the mortgage and I contunue make full repayments.
Is this a costly and complex scenario: we have not gone to solicitors as yet and don't even know if it is possible.
Thanks. Mir.
Is it possible to remove your name from the deeds but keep your name on the mortgage. Will the mortgage co allow this or how do they view it as a general rule. I own a property with someone else who is willing to be bought out for a small sum but as I do not qualify for a mortgage on my own they are willing to keep their name on the mortgage and I contunue make full repayments.
Is this a costly and complex scenario: we have not gone to solicitors as yet and don't even know if it is possible.
Thanks. Mir.