Buying out half a mortgage in a co-ownership agreement

S

sunnysj

Guest
I currently own a house with another party, 50:50 split. The other party wants to sell their half, but I want to stay, and we have another person willing to buy their half. Any ideas on what we need to do to switch the mortgage from one name to another.
 
V

Vanilla

Guest
You have to take out a new mortgage and pay off the old one, and transfer the ownership through your solicitor.
 
Top