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process of transfer of equity

does anyone know if you have a joint mortgage with an ex partner, never been married but she wants to make me a settlement, for her to start a transfer of equity do i have to cancel my life insurance first?

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    By life insurance, do you mean a policy which is for pure life cover or an endowment.
  • If its just life assurance should you not be able to cancel anytime you want?
  • kingstreet
    kingstreet Posts: 39,314 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Life assurance has absolutely no relevance to the transfer of equity process applied to a property and mortgage.
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
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