Buying 50% equity

Gard1000

Hi guys.

I own a house that I want my girlfriend to own 50/50.

I'm so confused how she can buy into my equity and own half the equity and half the mortgage.

House value £340,000
Current Mortgage £140,000
My equity £200,000

I rang my mortgage company who said I'd need to add her to the mortgage which I understand fully.

However for her to own half the house she needs to give me £100,000 (which she has in her bank from sale of her house)

I'm sure she can't just transfer this to my account can she ? We'd obviously get a solicitor to draw up the appropriate documents.

Anyone know how this works please in terms of the cash equity transfer.

Thanks in advance ☺️ 

amnblog

get a solicitor to draw up the appropriate documents, she gives them the cash, they give it to you

user1977

The solicitors sort it out simultaneously with the variation of the mortgage.

Gard1000

Wow so it is that easy. Thank you both for replying !