How To Remove A Partner From A Mortgage

Removing a Name from a Mortgage: How to Do It the Easy Way

Life changes — and so do mortgage arrangements. Whether you’re separating from a partner, buying out a co-owner, or restructuring your finances, removing a name from a mortgage can feel daunting. The good news? With the right guidance, it doesn’t have to be.

At Chetwood Lloyd Mortgages, we help clients through this process every week — making it simple, stress-free, and fee-free. If you’re thinking about taking someone off your mortgage, here’s what you need to know.

What Does Removing a Name from a Mortgage Mean?

Removing a name from a mortgage is known as a Transfer of Equity. It involves two key parts:

The legal process, where ownership is updated.

The new mortgage application, as the remaining borrower must show they can afford the loan alone.

Every lender treats this as a new application, which means affordability checks, credit assessments, and sometimes a property valuation.

This is where we come in. Instead of contacting your lender directly — which can be confusing and time-consuming — our team will assess your situation, compare lenders, and guide you through every step.

Common Reasons for Removing a Name

Separation or Divorce – When one person wants to take full ownership of the home.

Financial Changes – If one borrower no longer contributes to the mortgage.

Investment Adjustments – When one investor wants to exit a joint property.

Estate or Tax Planning – For inheritance or ownership restructuring.

Until the transfer is complete, all borrowers remain legally responsible for payments — so it’s vital to get the process right.

How the Process Works (Step-by-Step)

1. Speak to Us First

Before anything else, talk to Chetwood Lloyd Mortgages. We’ll review your affordability, explore lender options, and explain whether you’ll need to remortgage or can stay with your current deal.

We’ll handle conversations with the lender for you, saving you the stress of back-and-forth communication.

2. Check Affordability

To remove a name, the remaining borrower must show they can afford the mortgage alone. We’ll help you gather everything you need:

Payslips and P60s (if employed)

SA302 tax returns (if self-employed)

Bank statements and proof of income (if on benefits)

Most lenders will allow borrowing up to around 5x annual income, depending on the case.

3. Review Your Current Mortgage

Are you still in a fixed-rate deal? Early repayment charges might apply.
What’s your loan-to-value (LTV)? If it’s high, a revaluation could be needed.

We’ll help you weigh up whether it’s better to stay with your current lender or switch to a new one with better terms.

4. Complete the Legal Work

Once the mortgage side is approved, a solicitor will complete the Transfer of Equity. This includes:

Preparing the TR1 form

Gaining lender consent

Registering the new ownership with HM Land Registry

Legal fees are typically £250–£300, with Land Registry fees between £50 and £920 depending on property value.

5. Update Your Financial Arrangements

After the name has been removed:

Update your mortgage protection or life insurance

Adjust direct debits or standing orders

Review your budget to ensure payments remain affordable

We can help you review insurance and protection too, so your home and finances remain fully secure.

We’re Here to Make It Simple

At Chetwood Lloyd Mortgages, we’ll handle everything — from checking affordability and comparing lenders to managing paperwork and liaising with solicitors. Our advice is independent, impartial, and completely fee-free.

If you’re thinking about removing a name from your mortgage, talk to us before you do anything else. We’ll make sure you take the right steps, avoid unnecessary fees, and keep things stress-free from start to finish.

📞 Call us today or book a free consultation to get started.

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