Once we have signed paperwork from everyone involved in the Transfer, we can then contact your Mortgage Lender to secure the revised mortgage, under the new names. If you have taken out a new mortgage, we will draw the funds to pay off the previous mortgage and then pass any additional funds over to you.
If any money is to be paid to any individuals as part of the transfer (if a person is being ‘bought out’ of the property, for example), we will also arrange for these funds to be sent to them.