1 Answer

that would do it..

It really depends on your circumstance. If it in joint names , then sell your share to you partner ( That if they can afford to buy you out) so you can be removed of any legal ties.

2. If you are in debt to a mortgage company, and there is no equity, and you are left paying the interest, I would get sign the property over to the Banks / mortgage company's so you name is released from any further debt.

If you go down that route , what Debt is remaining then after you hand the property back becomes mean tested. In other words if you are on low income , you make arrangements with the back to pay off the debt on a monthly basis.

If your bank does not agree , then with all the evidence, you make to the banks / mortgage a well their responses, take to the Mortgage Ombudsman, to prove to them that that banks are acting unreasonable.

I hope this helps