Warning:THE MORTGAGED PROPERTY (WHICH MAY BE YOUR HOME) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Add or remove someone from your mortgage

If you want to add or remove somebody from your mortgage, (this is also known as Transfer of Equity) there are a number of steps involved and you’ll need our permission to do so. Here’s what to expect:

  • Firstly, you will need to make an appointment with us where we will complete an application. For all applicants who'll be on the mortgage, we will need to see confirmation of income and expenditure. Our 'What to expect' checklist contains details of some of the key information you'll need prior to your appointment
  • You will need to instruct a solicitor to act on your behalf in the transaction who will prepare the necessary legal documents on our behalf. You will be liable for their costs/charges in connection with this transaction
  • If there is negative equity (i.e. current mortgage balance exceeds current valuation) we may be unable to process the transfer
  • If the Transfer of Equity is approved, a fee of £65 will be payable

The next step

If you would like to proceed, you’ll need to book an appointment with one of our friendly advisors. You can do this by simply contacting your local branch or by calling us on 03450 50 22 30.

Call us on 03450 50 22 30 to arrange an appointment

Our lines are open 8am-8pm Monday-Friday and 9am-5pm on Saturday.

Your appointment

During your appointment, you'll be asked a number of questions about your income and expenditure to help us understand your circumstances and assess your application. We've created a handy 'What to expect' checklist which you can download using the following link.

Download our 'What to expect' checklist

Warning:THE MORTGAGED PROPERTY (WHICH MAY BE YOUR HOME) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

We may monitor and/or record your telephone conversation with the Society to ensure consistent service levels (including colleague training).