• Transfer Of Equity As Tennants In Common

    By Guest on 31st Mar 2017

    I need to take my ex partner off the Land registry and sign all the equity to myself.

  • 6 Answers

    By Guest on 02/04/2017

    Provided there is no mortgage on the property and provided your partner consents then you can use our transfer of equity kit.

  • By Guest on 02/04/2017

    There is a joint mortgage between us, however we spit up 3 years ago and I gave him a lump sum of money for his share of the house. When I come to sell the house all the equity should come to me and not him. Do I do a deed that states this and both sign it.

    Thank you.

  • By Guest on 02/04/2017

    I shall give a little more information then will be easier to answer. With partner for 23 years, not married however had 3 children. Split up over 3 years ago. In order for him to get another house we had to re-mortgage enough for him to put a large deposit down on another house. This mortgage I now pay the full amount, it was part of his equity. I also have given him money every month by direct debit. He has nothing to do with the house only his name still being on the mortgage. I can't remove his name as he mortgage company say I can't afford it on my own even though I am the one paying it. Ridiculous really, so we both re-mortgaged to solve the problem. We both get on very well, no fighting and are still good friends. WE have to we have children even though grown up and at university.
    My problem is when I sell the house I need all the money coming to me and not him. In order to do this I thought that a transfer of equity would be the thing to do. ??

  • By Guest on 02/04/2017

    You don't need to do a transfer to sell. Simply sell, pay off the mortgage and distribute the proceeds in whatever proportions you agree. It can all go to you if that's what you agree

  • By Guest on 02/04/2017

    Really, I thought that because the house is in both names when it is sold what is left would be split 50/50. Am I better drawing up an agreement between us both just in case.

  • By Guest on 09/04/2017

    The law will only interfere with how you distribute the money if you are in dispute. Otberwise you are free to do as you wish

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