Hi, thank you for your question. From the information you have provided, the Petitioner is to pay the lump sum within 56 days of the order. Once it is paid, the Respondent is to transfer the property to the Petitioner.
It is unlikely that the mortgage company is going to agree for the mortgage to be transferred to sole names as the title of the property will still be in joint names and there should be a clause where the Petitioner is to make all endeavours to remove the Respondent from the mortgage.
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No - it is unlikely that the mortgage company will allow this, and in any event they will need to assess whether she can afford to take the mortgage on solely.
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