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Query regarding removing someone's name from a mortgage?

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Does the individual who is being removed from the mortgage, due to a relationship break-up need to not be living in the property when this process is commenced?

Comments

  • kingstreet
    kingstreet Posts: 39,250 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No.

    The date the transfer of equity takes effect is the point the residence/occupancy should end.
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Might not be practical to do so. Until matters are concluded. What's behind the question?
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thrugelmir wrote: »
    Might not be practical to do so. Until matters are concluded. What's behind the question?

    I and my ex are currently living in the same property, split is reasonably amicable. She is going to take over mortgage.
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