You are reading a single comment by @hoefla and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
hoefla
Problem is that I don't think you're taking one name off the mortgage. You're getting a new mortgage on a house that has now gone up in value. You'll have more equity but you'll now be borrowing the rest based how much you've agreed to pay the other person.
Is the other person a friend that's moving on and you're buying them out, or a partner that's staying there and you're just transferring mortgage into your name...?