Transfer mortgage to another person

Jaymie1989
Jaymie1989 Posts: 4 Newbie
in Mortgages & endowments
Hi,

Due to recent financial issues and debts being repaired back to creditors on small amounts from advice from step change can we transfer the mortgage and house to someone else without exchanging monies?

Comments

  • YHM
    YHM Posts: 650 Forumite
    Someone else being family?
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice
  • ACG
    ACG Posts: 23,717 Forumite
    First Anniversary Name Dropper First Post I've helped Parliament
    Stepchange suggested this? Are you sure?
    Surely that would be seen as disposing of assets?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Name Dropper Photogenic First Anniversary First Post
    Jaymie1989 wrote: »
    can we transfer the mortgage and house to someone else without exchanging monies?

    Doesn't stop your creditors contesting the transaction and recovering their money. Along with you incurring sizable legal costs to pay.
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