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Hi, thank you for your question. Just a bit more information required to fully assist you:
-What is the value of the property and the amount of mortgage remaining on the property and is it in joint names between you?
-Have you made enquiries as to whether you will be able to afford the mortgage (from the mortgage companies perspective) if it were to be in your sole name?
Thanks - so there is no formal mortgage with a mortgage company in place and the only debt is with your parents?
Thanks for confirming. Given that his name is ***** ***** loan agreement you would need to settle any share of the equity with him, transfer title to yourself and then reach a new loan agreement with your parents - this will end his liability for the loan with them and transfer the property to you. Unfortunately you would need to involve your parents despite them being abroad, as the agreement is with them.
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