How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Clare Your Own Question
Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34106
Experience:  I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
13262538
Type Your Family Law Question Here...
Clare is online now

There, I have separated from my partner and we are both

Customer Question

Hi there, I have separated from my partner and we are both named on the deeds and mortgage for the house. She is trying to remortgage and put everything into her name which I have agreed to. I have received a letter from in reference to the Transfer of Equity saying it will transfer my interest in the property in the sole name of my ex-partner - does this mean I will be automatically taken off the mortgage as well as the deeds?
Submitted: 2 years ago.
Category: Family Law
Expert:  Thomas Judge replied 2 years ago.
Who have you received the letter from?
Expert:  Clare replied 2 years ago.
Hi
Thank you for your question.
My name is ***** ***** I will do my best to help you
There are two steps to the process
If your ex is staying with the existing Mortgage Company then you will be forwarded a form to sign to say that you agree to it - this would be part of her applictaion.
If the Mortgage Company agree to release you then there will be a second stage when you will sign the TR1 - which should include a clause stating that you are released from the mortgage.
Alternatively if your ex is using a new Mortgage Company then yes when you sign the TR1 you will indeed also be released from the existing mortgage
I hope that this is of assistance - please ask if you need further details
Clare