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Transfer of Equity

dom81 Posts: 1 Newbie

14 October 2022 at 9:35PM in Mortgages & endowments

If I transfer 50% of the equity in my house to my partner, will i need to remortgage and pay an early redemption fee (there's currently 4.5 years left on my current mortgage deal) or will Santander just add her name to the mortgage. The house is worth approx £550,000 with £260,000 outstanding on the mortgage, I've tried to phone santander but each time I've been on hold for over an hour

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Transfer of Equity

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