Removing or Adding someone to your mortgage

General Guidelines to add or remove a party from a mortgage.

You will need to organise the following when Adding a party to a Mortgage Loan:

• Both parties must complete a 'Transfer of Equity' Form.
• An original Utility Bill for the party being added at the property address is required.
• A copy of photo ID for the new party is required.
• Copy of Marriage Certificate if applicable.
• Solicitors Details dealing with Transfer.

NOTE: Where a party is being added and additional funds are required a full mortgage application must be made also.

You will need the following when removing a party from a mortgage loan:

• A 'Transfer of Equity' form completed by the party remaining on mortgage.
• Up-to-date income statement for the remaining party.
• Two recent payslips/P60 for the remaining party.
• A copy of any Separation Agreement, financial settlement or court order (where applicable).
• Details of the Solicitor dealing with the Transfer.

NOTE: Where a party is being removed and additional funds are being sought a full application must be made by the remaining party also.