You will also need your two siblings to investigate whether they will be able to get a mortgage without your earnings being considered for affordability. If they can not get a mortgage for the amount required you may not be able to get out. If the house needs to be revalued and they need to get a new mortgage, it may be based on a loan to value based on current market conditions. If this was the case there may need to be a cash injection.
Also there will be costs involved for solicitors, valuer, possible bank fees to have you removed from the mortgage / deeds. You will need to consider who pays for this although your agreement probably covers that.
Pollyhops.. all the responses are correct,,,why do you want out? Why not weather the storm? it is a lot of money and hassle to pay out now just to get off the mortgage
I want out because I am moving to another country so thought it the easiest and cleanest thing to do.
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