Title Deed Question

Hi All,

Just a quick question regarding a joint mortgage application. Is it compulsory to have both names on the title deeds or is it possible to have only one name on the deed but with the two persons involved named on the mortgage application. Also both parties first time buyers.

Thanks in advance

Regards

Yes, it is possible to have one person on the deeds and two on the mortgage however the person who is not on the deeds should take independent legal advice before signing up for a debt on a property they do not own.

Sarah

www.rea.ie

Thanks for your reply.

To follow on, if say after a year or period of time, is it permissable to have one person taken off the mortgage? If so is their a minimum period up to which point it is not possible?

I am asking really about a situation where say two people purchase a property together and later, for whatever reasons, one person wants to be removed from the purchase, for the moment leaving aside issues regarding splitting of monies invested up to that point.


Thanks again,

Yes it is very easy to have one person removed from the Deeds title of a property contact the land registry in Dublin and they will advise you what to do.