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Transfer of Title

Do you know if you transfer title of a tenated house to your spouse whether or not the mortgage has to be paid off? I have been led to believe that it does.

Thanks
I am a Kitchen Designer!

Comments

  • Scott
    Scott Posts: 200 Forumite
    No, you can do a transfer of title on a mortgage while it is still live, although that will obviously depend on your lender's policy.
    Scott
  • Sugarloaf
    Sugarloaf Posts: 55 Forumite
    Part of the Furniture Combo Breaker
    Would they take into consideration your income or the rental income?
    I am a Kitchen Designer!
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