Adding or removing a borrower to your mortgage is called a transfer of equity. This is a change in the co-ownership status of a property by adding or removing a person from the deeds of the property and alters the ownership of the property from a legal perspective.

You might arrange a transfer of equity to buy out an ex-partner, add your spouse to your property’s deeds, or transfer property ownership from joint to single.

Transfer of property ownership is different from the sale of property, as at least one of the original owners of the property will stay the same.

If you are looking to remove someone from the mortgage, we will ask you about your income and other credit commitments. If you do not meet our lending criteria, we will not be able to consent to the transfer of equity request, and everyone named on the mortgage will remain liable for the payments.

To start the process of removing a borrower from the mortgage please contact us using the details below.

If you are looking to add someone to the mortgage, you will need to speak with one of our Mortgage Advisors.