Taking person off mortgage

SDLT_Geek

If you did not put in any of the capital and are not paying any of the mortgage it seems unlikely that you have a one third share in the property. Is it actually the case that if the property went up a lot in value and was sold you would expect your parents to get all of the money after the mortgage is paid off?

Perhaps it is time for a discussion with your parents as to the underlying ownership of the property with a view to documenting it by a declaration of trust.

If you have no underlying share in the property then it will not count against you for surcharge purposes.