You cannot simply remove a name from a mortgage. The only way to release your ex-partner from a joint mortgage is to refinance the loan into your sole name. This means applying for a new loan based on your individual income and financial position. The lender assesses whether you can service the full loan amount on your own. Once the new loan settles, your ex is formally released from all liability. Lendology manages this process end to end - from assessing your capacity through to settlement and title transfer.
Step 1: Agree on settlement terms (who keeps the property, what the equity split is). Step 2: Get a borrowing capacity assessment from a broker. Step 3: Apply for a new loan in your sole name - covering the existing balance plus the equity payout to your ex. Step 4: Settlement - the old joint loan is discharged, the new sole loan settles, and title transfers to your name only.
True wellbeing begins at home.
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