Branches & agencies
Transfer of equity – adding or removing a borrower on the mortgage
Adding or removing a borrower on your mortgage is called a transfer of equity. This changes the co-ownership status of a property by adding or removing a person from the deeds, which changes the legal ownership of the property.
You might arrange a transfer of equity to buy out an ex-partner, add your spouse to the property deeds, or transfer ownership from joint to single.
Transfer of property ownership is different from the sale of property, because at least one of the original owners of the property will stay the same.
Removing a borrower from a mortgage
If you are looking to remove someone from the mortgage, we will need to review your income and outgoings (including any credit arrangements) to make sure the mortgage would still be affordable. If you do not meet our lending conditions, we will not be able to agree to the transfer of equity, and everyone named on the mortgage will still be responsible for the payments.
Please contact us if you wish to apply to remove a borrower from the mortgage, or if you just want to talk to us about it.
Adding a borrower to a mortgage
If you are looking to add someone to the mortgage, you will need to talk to one of our Mortgage Advisors.
Get in touch
Please call us on 01455 894 739 and speak to a member of our team. Our lines are open Monday – Friday 9am – 5pm. We are closed on Saturdays, Sundays and bank holidays.
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