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    bran69's Avatar
    bran69 Posts: 1, Reputation: 1
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    #1

    Aug 10, 2009, 05:56 AM
    Title deeds
    I have recently been made redundant and cannot pay my share of the loan - the property is currently under my name and my ex wife's. As I cannot make any more loan repayments ,I would like to change ownership to her name entirely. Could you please inform me as to what the procedure is ,noting that I would also like to draw up a tennancy agreement as I would like to stay in the property involved (I will be paying minimal rent!).

    I thank you for any information.
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    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    Aug 10, 2009, 10:06 AM

    A deed to your ex is the obvious solution. Be aware, however, that such may be a violation of the loan agreement.

    So, instead, you might combine the tenancy agreement with a provision that you will quitclaim the property to her when requested. Then, when she has paid off the mortgage (or re-finances) she can ask you to give her a deed.
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